Are small business loans or grants better in Canada?

Canadian small business loans may be better than grants for some, or grants may be better than loans for others. Each person will have different needs, and the situation you are in will change which option is best for you. Check the intended uses and eligibility requirements of the programs in your area to get an idea of what offers are available. Then you can further narrow your choices based on interest rates, terms and repayment schedules for loans. Consider the fact that grants may be more time consuming to apply for than loans.

Get your small business funded through government grants, loans and private investor programs. To get access to our Funding Database which has over 1,500 funding programs, become 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.