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From where to Tie up Financing to Start New Business in Canada?

Many entrepreneurs feel that getting finance for their venture is not a child’s play. As a matter of fact, this challenging task requires prior planning for a smooth sail. As a business owner, you must understand that the sources of financing can be both private-sector and government. These can play a vital role in ensuring that you are able to get the company off the ground. 

Read on to gather more information about the different ways in which the government and private sectors offer financing for helping entrepreneurs like the immigrants, who wish to start a new business in Canada. 

Canadian Government Financing:

If you are planning to start a new business enterprise in Canada, then you need to pay attention to the fact the government sector in Canada can offer necessary help in terms of financing. 

But some of the financings focuses on specific industry and demographic sectors. On the other hand, there are ways that target a wider audience. This can be in terms of contributions and grants (these are mostly not repaid), loan guarantees (these mostly have to be repaid), and loans.

 Let’s try and get to know more about this sector’s financing.  

 

 

 

Futurpreneur Canada Start-Up Program:

 

Private-Sector Financing to set up Business in Canada:

As an entrepreneur, you can also take the help of the private sector for the purpose of getting financing for your company. It is a smart idea to find out some of the reputed Canadian financial institutions like cooperatives, banks, and credit unions. 

You can manage financing from angel sponsors or venture capital, but this will majorly depend on the type of company you wish to start. 

Source of Private Sector Funding: For your business based needs you can explore the option of equity and debt financing.


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