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.

Take advantage of our Funding Database with over 1,500 funding programs including grants, loans and private investor options. Don’t hesitate to get your business funded. Start your funding search right away by registering as a member.

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.