Financing your new business 

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Entrepreneurs often report that getting financing is the most challenging aspect of starting a business. There are both government and private-sector sources of financing that you can tap into to get your business off the ground.

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Government financing

The government provides financing to help entrepreneurs like you start a business. Some of this financing is targeted at specific demographic groups and industry sectors, and some of it is available to a wider audience. The financing includes grants and contributions (which generally do not have to be repaid), loans, and loan guarantees (which generally do have to be repaid).

  • BDC Buying a business

    Find out how you may get financing to buy an existing business.

  • BDC Capital

    Access a wide range of specialized financing to match the various stages of growth of your business.

  • BDC Financing for starting a business

    Learn how you could get a loan to start or buy a business or to buy property or equipment to set up your business.

  • BDC Small Business Loan — for existing business

    Get a loan of up to $50,000 within 2 to 5 business days. There are no fees or hassles and the entire process is online.

  • BDC business loans

    You could get money to help you start or grow your business.

  • BDC growth capital for aboriginal business

    Find out how you could get money to help start or grow your Aboriginal business.

  • CBDC First-time Entrepreneur Loan
    Applies only to: Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick

    If you're a first-time entrepreneur living in a rural community in Atlantic Canada, you could get help to buy an existing business or start your own.

  • CBDC General Business Loan
    Applies only to: Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick

    If you’re an entrepreneur living in a rural community in Atlantic Canada, you could get help to expand your existing business or buy a new one.

  • CBDC Youth Loan
    Applies only to: Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick

    If you're a young entrepreneur living in Atlantic Canada, you could get help to start, expand or modernize your business.

  • Aboriginal Business Development Fund (Ulnooweg Loan)
    Applies only to: New Brunswick Nova Scotia Prince Edward Island Newfoundland and Labrador

    If you are a status or non-status Aboriginal living in Atlantic Canada, you could get funding to start, buy, grow or refinance a business.

  • Aboriginal Business and Entrepreneurship Development
    Applies only to: Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Québec Ontario Manitoba Saskatchewan Alberta British Columbia

    Apply for financing to start or grow your Aboriginal business.

  • Atlantic Association of Community Business Development Corporations
    Applies only to: New Brunswick Newfoundland and Labrador Nova Scotia Prince Edward Island

    If you live in a rural region of Atlantic Canada, you can access business counselling, financing and training to help start or grow your business.

  • Business Development Program
    Applies only to: New Brunswick Newfoundland and Labrador Nova Scotia Prince Edward Island

    Access funds to start, expand or improve your business in Atlantic Canada.

  • Canada Small Business Financing Program

    Access funds for your small business with the help of this loan guarantee program.

  • Canadian Agricultural Loans Act program

    Find out how this loan guarantee could help you secure credit for your farming business.

  • Community Business Development Corporations — Social Enterprise Loan
    Applies only to: Newfoundland and Labrador Nova Scotia New Brunswick Prince Edward Island

    You could get a loan of up to $150,000 to start-up, renovate or grow your social enterprise in rural Atlantic Canada.

  • Direct Equity Tax Credit Program
    Applies only to: Newfoundland and Labrador

    Invest in a new or expanding small business in Newfoundland and Labrador and receive a provincial income tax credit.

  • FACTOR funding for the sound recording industry

    If your business operates in the English sound recording industry in Canada, you could qualify for funding to support various business activities.

  • Farm Credit Canada — loans and lending options

    You could access flexible financing options for your farming, agri-food or agribusiness operation.

  • Futurpreneur Canada Newcomer Program

    If you are between the ages of 18 and 39 and have lived in Canada for less than 60 months you can apply for financing to start a business.

  • Futurpreneur Canada Start-Up Program

    Are you between the ages of 18 and 39? If you are a Canadian resident with a good business idea, you could get $15,000 or more to start or run a business full-time.

  • Grants for registered family child care homes
    Applies only to: Newfoundland and Labrador

    Thinking of starting a registered family child care home in Newfoundland and Labrador? You may be eligible for start-up grants and yearly supplements.

  • Investment Attraction Fund
    Applies only to: Newfoundland and Labrador

    You could get a loan or equity investment to establish your company in Newfoundland and Labrador.

  • Junior Exploration Assistance Program
    Applies only to: Newfoundland and Labrador

    You could receive a grant to conduct advanced mineral exploration and prospecting activities.

  • Opportunities Fund for Persons with Disabilities

    If you are a person with disabilities who wants to start a business or if would like to hire someone with a disability, you could qualify for funds.

  • Prospectors Assistance
    Applies only to: Newfoundland and Labrador

    You could receive funding for mineral exploration activities and prospector training.

  • Seed Capital Initiative
    Applies only to: New Brunswick Newfoundland and Labrador Nova Scotia

    If you live in one of 5 major Atlantic cities, you could obtain a loan and training to start, grow or improve a small business.

  • Self-Employment Assistance
    Applies only to: Newfoundland and Labrador

    If you are unemployed and want to create a job for yourself by starting your own business, you may be eligible for financial and entrepreneurial assistance.

  • The Prince's Operation Entrepreneur

    If you are a transitioning Canadian Forces member looking to establish a small business, this program could be for you.

  • Town of Conception Bay South Business Incentive Programs
    Applies only to: Newfoundland and Labrador

    If you are opening a business or expanding an existing business in the Town of Conception Bay South, you can apply for a business tax reduction.

  • Youth Social Innovation Capital Fund

    As a young entrepreneur with a social or environmental goal, you may be eligible for loans of up to $25,000 to start or grow a business.

Private-sector financing

You can also turn to the private sector for financing for your business. You can look to Canada's major financial institutions, such as banks, credit unions, and cooperatives. Depending on the type of business you want to start, you might also be able to secure venture capital or financing from angel investors.

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