Can my Canadian business simultaneously apply for both a government grant and loan?

Although doing so is certainly possible, someone hoping to apply for both a small business grant and loan in Canada should first be sure they have undertaken their thorough research. Do not waste you time with small business grant and loan programs you are not eligible for – conduct your due diligence and research their eligibility terms before applying. Once eligibility for the desired grant and loan programs is determined, there is nothing to prevent you from increasing your chance of success by applying for both a loan and grant on behalf of your Canadian small business.

How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With over 1,500 funding programs and $612,676,848 in available funding, you should not wait. Register as a member 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.