Why was my start up business turned down for a Canada government loan?

There are a number of reasons why a small business start up might be turned down for a loan from the Canadian government. This can include the applicant applied to a loan program he was not actually eligible for or because other applicants had better proposals, which means competition for the same loan was stiff. This is part of the reason why proper preparation and research is important when applying for a Canada government loan to help start up your business.

How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With over 1,500 funding programs and $612,676,848 in available funding, you should not wait. Register as a member 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.