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. It’s important to make sure that you are getting the proper information for the type of funding that you require for your small business.
Take a moment and become a registered member with CanadaStartups. You will get access to the Funding Database at which point you will be able to conduct a funding search to see how much funding may be available for you and your business. On top of that you also get access to the step by step business startup guide, the Investor PitchDeck and the Investor PitchDeck. This gives you all you need to startup, launch and fund your small business in Canada. Register to get access 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.
Ontario provides small business funding programs for Canadian entrepreneurs available from the various government levels, most notably from government grants and loans. These programs can …Read Full Answer