The government offers loans in Canada to small business which may be better for the recipient than those of most other lenders. Each offer has eligibility requirements. However, they are different than those of the bank. So, even if you have been rejected by the bank before you may have a chance. The terms of government loans are generally more favourable, the programs have low or no interest in most cases, and some do not require any repayment. To find a loan you can use, check the eligibility requirements and intended uses. Also note the terms, repayment schedules, and interest rates.
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.
There are government loans government opportunities for small business through the Canadian government grants and loans programs for small business funding. The government loans government …Read Full Answer