What is the government guaranteed business loan scheme?

What is often referred to as the government guaranteed business loan scheme is in relation to the small business funding programs offered through the Canadian government grants and loans small business funding opportunities. The government guaranteed business loan scheme means an individual business owner applies for one of the many grants or loans through the small business funding and is approved and then the business loan is guaranteed by the government and the funds are issued by an institution that has been qualified to do so by the government.

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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.