Who handles the minority small business loan financing funds once I am approved?

Once you are approved for minority small business loan financing, most often you will receive the funds in your own account. From here you will have to utilize the funds as you outlined in your application and for what you were approved for. The minority small business loan financing provided by the Canadian government is utilized for many different sectors of the business. For example, if your need was for expansion of your small business and this is what you were approved for, then this is what you would have to use the funds for.

Take a moment and become a registered member with CanadaStartups. You will get access to the Funding Database at which point you will be able to conduct a funding search to see how much funding may be available for you and your business. On top of that you also get access to the step by step business startup guide, the Investor PitchDeck and the Investor PitchDeck. This gives you all you need to startup, launch and fund your small business in Canada. Register to get access today.

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.