How valuable is a proposal letter when applying for a government small business loan?

The Canadian government department or agency providing the small business loan you hope to acquire may require you to write a proposal letter as part of their approval process. This letter outlines your need for government financial assistance, explaining how the money will be used, why you cannot otherwise find the money, and how the money’s use will be a good investment for the Canadian government.

How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With over 1,500 funding programs and $612,676,848 in available funding, you should not wait. Register as 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.