Who offers better small business loan rates and terms, the banks or Canadian government?

In general, the Canadian government is able to offer better rates and terms on its small business loan programs than may private lenders. This is because the government is not seeking to use the loan as a source of income, instead focusing on its ability to help small businesses, and thus indirectly the nation’s overall economy. A private lender, on the other hand, is motivated by profit when offering a small business loan. As such, its rates and terms are guided by the want to make money from you.

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