Are there any small business startup grants or loans?

Thank you for your question regarding the availability of small business startup grants or loans.

This is one question that we see very often from small business owners and startup entrepreneurs.

The answer is yes, grants and loans are both available and are offered by the various funding agencies of the Canadian government. Small business startup grants are difficulty to get, but once obtained could turn your business successful if invested towards the right thing. Small business startup loans are also offered by the government and they come in the form of low interest or no interest funding which has to be paid back.

Depending on the funding source you may be leaning towards, loans can also be obtained from family, friends, banks and even private investors.

Typically business startup grants and loans are split into categories also referred to as purposes of funding. Before you begin to apply for funding be sure that you are going to the right place to get the right funding amount for the right purpose in order to have the most success.

Keep in mind that if you are applying to the Canadian government for small business grants and/or loans you want to make sure you apply to the correct funding agency. If you are in need of money to purchase equipment you may need to run your business, to go the agency that offers funding for that purpose and not to one that only funds marketing and advertising, and so on.

As a small business startup, funding is the key to the successful launch of your business. Be sure to take advantage of the Funding Database offered by CanadaStartups.org and apply to as many funding programs available to help startup your business. The Funding Database contains government grant, loan and financial assistance programs as well as numerous private funding opportunities (angel investors, venture capitalists) and much more.

Get started and Get Access to the Funding Database and much more.