Small Business Financing in Canada: Essential Options and Strategies for Success
Small business financing in Canada is essential for entrepreneurs looking to start, expand, or improve their businesses. Various options exist, including government-backed loans, bank term loans, and private funding, each designed to meet different financial needs. The Canada Small Business Financing Program (CSBFP) is a key resource that helps reduce lending risk by guaranteeing up to 85% of loans, making it easier for businesses to secure funding up to $1 million.
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