What happens if I can’t pay back the Ontario government small business grants I received?
When you qualified for the Ontario government small business grants you would have been required to enter into a contract agreeing to the terms and conditions. Every Ontario government small business grants has a mandate and the criteria or the amount that is involved. Most often with the grants, that there is no requirement to pay back. This is an amount of money that is given to the business with no expectations of it having to be repaid. The Ontario government small business grants are applicable to several types of small businesses, and there are a variety of programs in place. Small business owners that are interested in these types of grants should look into whatβs available to them. With the help of qualified consultants in this area it is easy to be able to narrow down your options.
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