If I enter into the small business government contracts is it legally binding?

The small business government contracts that come about as a result of an agreement regarding the Canadian loans and grants program is certainly a legal contract. The small business government contracts are an agreement between the small business owner receiving a grant or loan and the government department. The contract is what sets out all of the rules and conditions of the individual receiving the loan. This could be the terms of repayment and the specifics of what the loan must be used for. This is something that the money recipient must be fully aware of and once it’s signed and the money is received then it becomes a binding contract.

There are currently 264 grant programs available in our Funding Database. In fact, the Funding Database currently has over 1,500 funding programs available for small business owners and startup entrepreneurs. What are you doing to take advantage of this? Become a member and start your search.

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.