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.

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.