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.
Are you ready to move forward with your business? If you need funding, youve come to the right place. By becoming a member of CanadaStartups, you get access to the Funding Database, the Business Plan Builder Tool, the Investor PitchDeck and the Step by Step Business Startup Guide. This is all that you need to succeed. Take a moment now and become a member. It literally takes 1 minute.
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.