Are Ontario small businesses able to get Canadian national government loans?
Canadian national government loans are available in Ontario, and the rest of the nation. Loans provided at the national tier are available to applicants across the country, while provincial and local area loans are only available to applicants in the provinces where they are listed. If you have an idea of what you want funding for and are ready to look for a program, check all levels of government. This is so that you do not miss any potentially useful offers. There are normally more choices listed at the national tier. However, the local ones have less competition and may be more geared to the residents of a province. So, there are pros and cons of each type. Always note the intended uses and eligibility qualifications. This is so that you choose a program that is best for you.
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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.
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