Is it true that often government loans don’t have to be paid back?
The Canadian government grants and loans program usually require a pay back because often government loans are a temporary source of funding for small business whereas a grant is quite often not required to be paid back. Often government loans are given for a variety of different reasons and some individuals have qualified for different types of government loans. The exact terms of any funding that is received from the Canadian grants and loans program is set by a criteria that is applicable to the particular loan. Itβs important to make sure that you are getting the proper information for the type of funding that you require for your small business.
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