Are low interest rate business loans a more common option than grants?

Although the Canadian government small business grants are usually the first choice for small businesses because it is the next best thing to free money that does not need to be repaid, they suffer from comparative rarity and more strict purposes and prerequisites. Low interest rate business loans provided by government funding sources, on the other hand, are generally far more accessible and broader in terms of what the funds may be applied to than is the case with grants.

How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With over 1,500 funding programs and $612,676,848 in available funding, you should not wait. Register as a member today!

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.