Will bad credit prevent me from applying for a Canada government small business loan?
One of the biggest detriments to successfully getting a government small business loan is improper or insufficient preparation and inadequate organization. Expectedly, this can lead to applying to the Canadian government for a loan the applicant is not actually eligible for or is unlikely to be approved for, including based on reasons such as previous or current bad credit.
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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.
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