Are there small business loans available in Canada?

There are typically multiple lenders in Canada that offer forth small business loans for qualified applicants to apply for, and their standards tend not to vary dramatically from private lender to public lender. Typically, you still must exhibit a satisfactory repayment history. This also goes for present proper security for the loan. Being able to show that you have an amount of start-up capital already available in liquid assets is usually helpful also. Government backed lenders may be more likely than private lenders to make allowances on these terms. However, meeting them should certainly increase your chances of approval.

Are you ready to move forward with your business? If you need funding, you’ve come to the right place. By becoming a member of CanadaStartups, you get access to the Funding Database, the Business Plan Builder Tool, the Investor PitchDeck and the Step by Step Business Startup Guide. This is all that you need to succeed. Take a moment now and become a member. It literally takes 1 minute.

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.