What happens if I get free government grants and loans for my small business and the business fails?

When you are able to get free government grants and loans from the Canadian government small loans funding programs you will be required to fill out a contract. Your responsibility will be to meet everything that you have agreed upon in that particular contract .Should the business fail in spite of all your efforts, then this is something that no doubt the Canadian government would take into account. In order to get free government grants and loans you must prove that it is a viable business, and that financial funding would certainly be supportive of it.

Become a member of CanadaStartups and get access to the Funding Database with over 1,500 funding programs, access to over $612,676,848 in available funding as well as access to the Investor PitchDeck, the Investor PitchDeck and the step by step startup guide for your business. Join CanadaStartups today and take advantage of these amazing business opportunities.

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.