Can I use personal government grant money for my business?

The question whether you can use personal government grant money for your business would be determined on the purpose regarding the reason the personal grant was given to you. If you are referring to personal government grant money that was given to you under the small business programs that is offered by the Canadian government, then you would be compelled to use that grant money for the business. The purpose of the grants and loans under the small business programs is to support these small businesses in their financial need. It may be an established small business that requires the grant for reasons such as buying new stock or training staff for example.

What could you do for your small business if you were to obtain a grant or a loan of $5,000 or $50,000 or even more from the government? Or would you be able to benefit from a private investor investing their time and money into you and your business? It is a possibility…so be sure to find out how much funding your small business may be able to obtain. Become a registered member and start your funding search.

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.