Are there loans offered to small businesses in Canada?
Small businesses in Canada can apply to loans for their needs offered by the government each year. There are programs for new business owners to use to cover their initial start up costs as well as for those who have existing businesses. This money can be to cover things like advertising costs, machinery repairs and purchases, hiring and training employees, and more. If you are seeking a grant, be sure to compare the intended uses and eligibility requirements between the offers you are considering, and use these details to pick the best program for your needs.
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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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