Financing your new business
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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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 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 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 your business' growth.
- BDC Financing for starting a business
Learn how you could get money to start or buy a business or to buy property or equipment to set up your business.
- 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.
- 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 Futures Program
If you are starting a new business or looking to grow your existing business in the NWT, you could be eligible for business assistance, funding or counselling.
- Entrepreneur Support (SEED)
You may be eligible to receive a grant to start a new business or improve the capacity of your business.
- Entrepreneurship and Business Development Fund
If you are Aboriginal and live in the territories, you could get financing to start or grow a business.
- FACTOR funding for the recording industry
If you have a recording business or if you are a song-writer, composer or musician and record in English, you could get money for certain activities.
- Farm Credit Canada — loans and lending options
You could access flexible financing options for your farming, agri-food or agribusiness operation.
- Financial programs
Are you looking to obtain financing for your business? This program offers term loans, equity, contributions and letters of credit.
- 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 18 and 39 years old? 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.
- Opportunities Fund for Persons with Disabilities
If you are a person with disabilities who wants to start a business or if you are an employer who would like to hire someone with a disability, you could qualify for funds.
- Self Employment Option
Interested in starting your own business in the NWT? If you are unemployed, you could continue to receive benefits and get help to start your business.
- 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.
- 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.
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.
- Sources of private sector financing
Find out about the debt and equity financing available from the private sector for your business needs.
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