Does the Canadian government give small business loans to everyone who applies?

The Canadian government has some small business loans that are given to applicants that are approved to be awarded the funds. Each loan has its own terms, interest rates, eligibility conditions, repayment schedules, and intended use. So, it is best to look over many options to find the one that best meets your needs. If you do not find a small business loan that you can use immediately, it is worth looking into the options provided at the provincial and local levels as well as the national ones. Even if you have been rejected by the bank before you may be able to get a loan from the government, as their conditions are different.

Get your small business funded through government grants, loans and private investor programs. To get access to our Funding Database which has over 1,500 funding programs, become 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.