What happens if I can’t pay back my business loans?

It is not the intention of the Canadian government when it comes to the business loans to create a hardship for any business owner. If one runs into trouble paying back the loans according to the agreement they signed, then they will have to meet with the lending institution and see if something feasible can be worked out. All of the business loans, are agreed upon with a set of regulations and stipulations that are presented in a contract before the loan is issued.

There are currently 264 grant programs available in our Funding Database. In fact, the Funding Database currently has over 1,500 funding programs available for small business owners and startup entrepreneurs. What are you doing to take advantage of this? Become a member and start your search.

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.