Do I have to pay back the low interest business loans and grants right away?

When you receive low interest business loans and grants funding from the Canadian government you will be entering into a contract with them. The contract for the low interest business loans and grants will determine when you will be required to pay back a sum of money. If it is grants most likely you will not have to repay these as debts. If it’s loans however the terms will be set in place for you to abide by but ones that your small business will be able to handle comfortably.

There are currently 264 grant programs available in our Funding Database. In fact, the Funding Database currently has over 1,500 funding programs available for small business owners and startup entrepreneurs. What are you doing to take advantage of this? Become a member and start your 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.