Why does the Canadian government offer loans for new business opportunities?
By offering government loans for new small business opportunities, the Canadian government works to encourage economic growth and fight the current economic crisis by shoring up the foundation of the nationโs businesses. However, even an application that looks good on paper is not certain of obtaining government loans for a new small business. As such, applicants in Canada are encouraged to apply for more than one program they are eligible for in order to increase the chances of success.
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