Is there a Canada government debt consolidation agency that can help my small business dig its way out of the red?

There are a number of Canada government programs that may be able to help you get your small business out of debt even though there is no official Canada government debt consolidation agency or department. There are programs that can help, because The Canadian government is well aware of the fact that small business debt can hinder or even prevent a small business from being a productive contributor to the nation’s economy. Canada government debt consolidation efforts exist in the form of government funding sources for small business that may provide you with the financial assistance you need in order to pay your debts to their original sources, effectively transferring that debt to the government program. The benefit of doing so would be to reduce your payments and place you on a single, consolidated repayment schedule, and subsequently improve the chances of your small business being able to turn things around and become profitable. Not every source of business funding that may be able to help out in this way will declare itself to be a government debt consolidation program specifically, so be certain to look around before applying for any sort of Canada government business funding assistance.

Get your small business funded through government grants, loans and private investor programs. To get access to our Funding Database which has over 1,500 funding programs, become a member 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.