One of the biggest stress factors in running a business is undoubtedly finances. The last thing that any small business owner wants to see, is a rejected small business loan. This can be very discouraging – but getting rejected can be an opportunity to learn. Remember that you are allowed to apply again as [...]
Small business loan applications vary depending on the type of loan needed and the reason for borrowing. With modern automated approval systems in place, securing a small business loan may be difficult if all the criteria aren’t met. Read on to ensure your start-up ticks all the right boxes to get approved. What do banks [...]
Starting a business in today’s economic environment and financial turmoil created by COVID-19 is everything but easy. The Canada Small Business Financing Program (CSBFP) creates the opportunity for small businesses to apply for loans by partnering with financial institutions, thereby sharing the risk with lenders. The majority of financial institutions participate in this program. [...]
In our first blog about accessing Canadian Government Funding for your business, we talked about the specifics of grants and loans, how they work, and which one might be right for you. But there’s a whole lot more you need to do before that money might land in your hands, and convincing the funders [...]
