Who decides what the business loan interest rate is going to be?

When it comes down to deciding the business loan interest rate most often this is pre-determined by the particular program that the individual is seeking assistance from. The business loan interest rate can differ for each particular type of loan so there is no fixed rate for all of the financial programs that the Canadian government offers.

If you are looking to find funding for your small business in Canada, one of the easiest ways to find funding is to get access to our Funding Database where we have over 1,500 funding programs including government grants, loans, financial assistance programs as well as private investor options. Take the right step forward and start the search for funding now by becoming a member of CanadaStartups!

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.