Would I qualify for personally guaranteed business loans?
Whether you would qualify for personally guaranteed business loans would depend on your specific circumstances. It also depends on whether you are referring to personally guaranteed business loans as they pertain to the Canadian government grants and loans program or to private lending institutions. Both of these financial entities have their own criteria and guidelines that must be followed. Ideally if one is looking for small business funding than utilizing whatever programs of loans and grants that are available from the government that could be applicable would be the best choice. There are many loans that the Canadian government has in place that are not classified as personally guaranteed business loans it because they donβt require any type of security. To qualify however you must be the owner of the small business.
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