Can I keep the low interest government loans and grants if I close my business?

When you applied for the low interest government loans and grants you will have filled out a application that dictates the needs for your small business funding. If you have received the low interest government loans and grants money then you will have had to apply that as you outlined in your contract. It is important that you honor the contract when it comes to the low interest government loans and grants. You would have to determine through your financial institution what you would do with any funds left from these programs if you decided to close your business.

Take a moment and become a registered member with CanadaStartups. You will get access to the Funding Database at which point you will be able to conduct a funding search to see how much funding may be available for you and your business. On top of that you also get access to the step by step business startup guide, the Investor PitchDeck and the Investor PitchDeck. This gives you all you need to startup, launch and fund your small business in Canada. Register to get access 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.