As a small business, or a individual considering stating your own small business, getting start-up business grants in Canada would make your life and path to success a lot easier.
Even with the Pandemic, the Canadian govenrmetn supports entrepreneurs who are starting up.
The support comes from a number of direct government funding options and government backed funds as well.
One of the primary, and most sunlight after options is the start-up busienss grants.
While not everyone is eligible for the free government money associated with getting a start-up business grant in Canada, the funds are only provided to those who follow the steps and apply accordingly.
Are you eligible for Start-up business grants in Canada?
Start-up government grants are available to those qualified individuals who make the effort to apply appropriately, who match the criteria and who effectively build a business around supporting the economy. Often involving of hiring and training of staff, going green..etc
There are a number of different start-up busienss grant programs that the Canadian government provides, and these include:
- Non repayable government grants
- Partial contributions
- Conditionally repayable government grants
Each of the grants, having it’s own pros and cons.
Here is a bit more to help you learn more about the 3 types of government grants for small businesses.
So, are you eligible?
There is no straight, immediate, yes or no answer.
Start-up business grants vary from business to business, industry to industry and from location to location.
To find out if you are eligible for any start-up busing grants in Canada, best thing to do is to speak to a funding expert who can review your specific situation and help.
You can call a Canada Startups expert here 1-800-288-9691 and discuss your start-up grant and funding options.
For the general criteria:
1. Ensure you have a solid business plan
2. 3 year financial (exiting or projected)
3. Know the programs you want to apply to (meet the criteria)
4. Apply on time
5. Ensure your applications are 100% perfect
Not sure if you’re eligible for start-up grant options?
The Canadian government has nearly a 1,000 government funding programs to apply to.
While the majority of the “well-researched-publci” knows abbot the top 10-20 programs, there are hundreds of options that require intense research to discover.
These options are often from local, inimical, provincial and federal governments, and often run by agencies with no marketing budget. Making it extreme hard to promote and get the programs in front of everyone.
But not to worry, if you’re not eligible for start-up business grants in Canada, plenty of other options to consider.
These other options include:
- Government loans
- Low interest loans
- No interest loans
- Government guaranteed loans
- Tax breaks and tax credits
- Consulting and financial assistance
The help is definitely there. However you do need to do a bit of digging before you find it.
Alternatively, you can get help from Canada Startups to help you with your business plan, your financial and projections, your pitchdeck, though the funding search, to guide you though the application process and basically to help you find all available start-up business grant programs, all government loan options and do the work for you!
With the Covid-19 Pandemic impacting everyone, the best time to do something for yourself and your business is to start your funding search.
The govenrment is supporting entrepreneurship to rebuild the economy – take charge now and secure the funds you need.
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