Actually, someone can receive a small business loan without a personal guarantee of financial assets. Through the government grants and loans program, it is possible to help a business that is experiencing financial difficulties without the additional worry of not being able to get a loan. The Canadian federal and provincial government grants and loans program provides billions of dollars to help small businesses in Canada through business improvement loans or business expansion loans, and you do not have to worry about having a personal guarantee of financial assets to receive this type of loan.
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.