What sort of interest rate can I expect from a Canadian government small business loan?

The actual interest rate applied to any Canadian government small business loan you may be approved for will vary. However, in general you can expect a Canadian government small business loan to have a better interest rate than most bank options. The government of Canada recognizes the long term benefits of helping with small business with low interest rate loans rather than letting small businesses collapse under heavy interest rate payments because such programs help bolster the economy.

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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.