How to Get Small Business Funding
Lately we’ve been receiving a lot of questions about how you can get small business funding for your own business. We’ve been answering each of these questions one by one, but the questions keep on coming in.
So to summarize the best answer which we often provide, and one that seems to always help get small business funding for most people (or at least point them in the right direction) is:
> *To get small business funding for your own startup or expanding business in Canada there are a lot of different avenues you can turn to in order to actually get funding. You can turn to your family and friends, potential business partners, use your own personal finances (credit cards, lines of credit, loans, etc), you can reach out to private investors and finally turn to your own government of Canada for government backed grants and/or loans.
Government funding is something that we (most entrepreneurs) don’t often consider, but billions of dollars are actually given out each year to qualifying small businesses all across Canada. Our advice to you is to figure out how much money you need, what you need the money for, how you will benefit from obtaining this funding and most importantly, be sure that you have a business plan created.
CanadaStartups can help with all of the above mentioned requirements. We have created a Business Plan Builder Tool, which very quickly can turn your “fill in the blanks” into a well presented business plan which you can use for when presenting your business idea to potential investors and government funding agencies.
On top of that, as a busy entrepreneur, rather than spending all of your time researching funding programs available, we have compiled a database of all available programs offered by the Canadian government and numerous funding agencies across Canada, as well as a list of potential private investors for you to look into. You can access the Funding Database by becoming a member of CanadaStartups.org.*
Hopefully the above answer will help you have an idea of how to get small business funding for your own business. If you have any questions related to becoming a member, or your search for funding, please be sure to let us know.
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