Should I apply for personal or business loans for my small business?
If you are a small business owner that is in need of some financial funding you may be confused as to whether you should apply for personal or business loans. Ideally the first step you should take is to see what kind of funding is available for your circumstances under the Canadian government loans and grants programs. Rather than determine whether you need personal or business loans, by seeking out what these programs have to offer will give you a better direction of what is available to you. There are many of these programs available so obtaining the advice of an individual but specializes with this type of funding will help you to streamline what your needs are and help you to expedite getting your application in place.
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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.
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