Visit
the Centre for Small Business Financing for everything you want to know about
grants and loans to expand your business. Take a look at the different types of
programs and the federal and provincial programs available to it. Do you need
funding in the form of grants and subsidies? Loans, tax breaks? Depending on
the size and the kind of business you are in will determine whether you qualify
for a grant or loan funding up to $10 million.
Types of funding programs
·
Low-interest
or no-interest loans, Government Guaranteed Loans.
·
Grants
and subsidies; one-time and renewable,
Conditionally Repayable Contribution, Equity financing.
·
Tax
Refunds or Tax Credits.
Business advantages
·
Access
to Resources: Government Insurance against business risks, government
relocation incentives and government information and services.
Various programs
Go
online for a list of funding programs offered by the federal and provincial
governments. The list is a long one and includes recipients such as Aboriginal
Business Canada, BizPal, Business Services Canada, Business Immigration
Program, Business Solutions Consulting Group and many more names. The Centre wants
you to know that they are not connected with funding programs and no claim can
be made that funding is due to the Centre unless so stated. For advice and
personal experiences go online to read success stories and advice from
recipients who have benefited.
Grants and loans facts
While a
grant can be a good option and source of funding, you have a better chance of
accessing programs which provide small Canadian businesses through loans –
meaning that if you do not get lucky with the banks, you should not throw in
the towel. It is said that government loans are better than bank loans. They
may offer highly competitive rates or be non-repayable. Government loans are
also more likely to be unsecured which means you do not have to put up
collateral. To see how much you might be eligible to receive take a minute and
fill out an online form for the results. Where is your business located? What
business was generated in the last two years? Complete the short form giving
your personal and business information, type of industry and financing needs
and you have an idea of how much money you might qualify for. Do not give up.
Go online and apprise yourself of the facts.
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