How to Identify Potential Startup Financing for Your New Business

By Thom Tracy

0 min read

There are many sources to tap when securing capital for your startup business. In the absence of adequate personal savings, you may turn to conventional financing through a bank or ask a friend or family member for a loan. Angel investors offer funding for a considerable return on investment, and don’t overlook Canadian government funding.

Grants are made to start up businesses, but strict guidelines apply. First, you must sift through a substantial amount of administrative paperwork. Be prepared to submit a detailed description of your venture, including expected costs and the advantages the business offers to end users. If necessary, seek assistance in preparing your business plan. Piecing it together in a haphazard manner might result in the agency rejecting your request due to a lack of clarity.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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