Is it better to obtain business loans from the government rather than private funding?

It certainly is in most cases better to obtain business loans from the Canadian government grants and loans programs rather than private funding. The reason being is these business loans most often have payback schedules which are much more liberal and the interest rates are much lower. Besides being able to obtain business loans you may also be eligible for grants that are contained within the Canadian government funding for small businesses as well. It is well worth checking out to see what the government has to offer by way of small business funding for your particular business before checking out private funding.

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.