Is opening a small business account ok to do with the funds I receive from the loans and grants?
Ideally when you start your new business one of the first things that you are going to want to pay attention to is opening a small business account. Once you apply for your funding either by way of grants or loans from the Canadian program for small businesses you are going to need to be sure that opening a small business account has been put in place. There will have to be a business account that the money is going to be deposited into being as the monies received is applicable to the needs of the small business itself. Opening a small business account is not a difficult venture and can be done at your local bank. The first thing you want to do when you are considering small business financial assistance is take the guesswork out of where to start.
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