Is the government loan a prime interest business loan?
Most often the government loan is not a prime interest rate business loan. These are separate programs the Canadian government has put in place to help small businesses get a start. There is also programs for the small businesses that want to expand or even those that have run into financial difficulty. Most often the prime interest rate business loan will not deal with these types of circumstances. Any small business that is in need of financial funding should check out what the Canadian government has to offer before seeking out any other type of financing. The interest rates and payback schedules on the government loans is usually far more lenient than any other type of financing.
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