What are the typical loan rates on government loans for small businesses?

You can be assured that the typical loan rates for government loans for small businesses are guaranteed to make it possible for people in small businesses to borrow money with a much low rate of return on their repayment. Because of funding support available through the Canadian government grants and loans program, it is possible for borrowers who need the financial support to borrow at lower rates of interest for a small business loan. If the same loan money was received through private sector banking institutions without this support, rates would be much higher and less affordable for many.

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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.