Are loans the best way to finance a startup business in Canada?

Loans are perhaps the most common method of using external finance sources to fund a startup business in Canada. However, they are not the most popular because grants, though more difficult to get than loans, offer money on better terms. Also note the eligibility requirements, intended uses, and other conditions of the startup loans that you are looking at. If you do not find startup loans in Canada that suits your small business, you may need to look into national or provincial options as well to widen your potential choices.

Are you ready to move forward with your business? If you need funding, you’ve come to the right place. By becoming a member of CanadaStartups, you get access to the Funding Database, the Business Plan Builder Tool, the Investor PitchDeck and the Step by Step Business Startup Guide. This is all that you need to succeed. Take a moment now and become a member. It literally takes 1 minute.

You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.