Government Funding for Barn Business
Once you’ve decided on starting your small business, be it a Barn Business or not, government funding is definitely a way to get a number of your startup costs covered.
The various types of government funding options available can help you startup, expand, purchase the needed tools, equipment, supplies, pay for staff, cover marketing costs and more. All you need to get started with your own Barn Business.
Different government fiunding program options exist, including:
- Government grants
- Government loans
- Government tax breaks and tax credits
These programs are available across Canada from the local, provincial and federal government.
Before you can apply to any Barn Business, it’s important to have a business plan ready. This is something our experts at Canada Startups can help you with – step by step. Register here.
As a member of the Small Business Startup Platform, you will have access to the business plan help, to help you put together a business plan for a Barn Business, as well to the Funding Database which will allow you to find Barn Business options.
This is the perfect way to get a Barn Business started with proper step by step!
Best of all, with the below government funding search tool you can determine what is available in government funding for you before you start doing anything.
Use the below search tool to find Barn Business
With the below government funding search tool, you will be able to see what is available in terms of government grants, government loans and all funding options for starting a Barn Business.
Step 1. Enter the province you are in
As you start your search for the various Barn Business options, it is important to consider that the many government funding programs are split across all levels of the government. That includes your location government, your provincial government as well as the Canada-wide Federal Government.
Starting a business, you want to ensure that 1) you have your business plan ready. Your plan will show the various needs you have which you require government funding for. This is a must!
To get started with your funding search and see government program options for a Barn Business, start by entering your province.
Step 2. Select the industry that you are in
Much like selecting your location of your business, selecting the industry that you are in is critical.
Many government funding programs focus specifically on funding just those industries – so it’s important to select the industry that you are in as a criteria filter.
Keep in mind that many businesses can fit into multiple industries.
As a Barn Business business, you may have to select multiple industries in order to find all available government grant, government loan and other government funding options.
Step 3. Select what you need the funds for
Most government funding programs are very specific as to what they cover as an expense.
As a Barn Business, you want to ensure that you list the funding needs you have (this is something you will do in your business plan too). Keep in mind that you may need funding for multiple things, so be sure to list those out as you start your funding search.
Step 4. How much do you need
Getting Barn Business will help you succeed most likely.
But, to ensure that you have what you need, the final step is to explain the minimum dollar amount you need and the maximum that you will be able to handle.
While a million dollars may be ideal, it may not be an option for a Barn Business, so you have to evaluate your needs and be as realistic as possible.
Only ask for what you need in order to succeed.
The above 4 steps are the recommended steps to follow in order to find the most options of government funding for starting a Barn Business.
Be sure to request a professional to help you with, and to review your business plan, to answer any questions you may have and to help you with the funding search.
You can request this directly via CanadaStartups.org and through the Small Business Startup Platform.
If you are considering other options aside from a Barn Business, consider some of these popular business’s others have chosen to startup and have found success with finding government grants, government loans, government tax breaks and various credits.