Does the government of Ontario offer small business assistance programs?

There are small business assistance programs provided for eligible, local small businesses by the government of Ontario, most notable small business government loans and grants. The provincial and local government bodies in Canada also have programs to help eligible small business owners, and the national government programs are available to people across Canada, including Ontario. Getting a grant or loan requires you meet the qualifications for the specific program you wish to apply for, after you find an Ontario government small business assistance program to suit your needs. Loans are general provided at preferable rates than those of bank loans, and have different qualifications. So, applicants rejected by the bank may have a chance at receiving government assistance instead. Grants can be challenging to attain. However, they do not need to be repaid, which makes them even more preferred than loans.

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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.