People applying for grants often get overwhelmed by the multitude of departments, and programs offering grants to Canadian businesses. Often they don’t know how to apply, and end up surfing the web for grants that look appealing, and ultimately end up applying for programs they won’t qualify for, or not even applying at all. They regularly conclude that they will have no chance of getting a grant and stop applying all together.
This mentality is wrong. Do not let yourself become discouraged. There are three prime reasons why individuals don't succeed in obtaining a grant: Poor choice of grants, Unprofessional and half-hearted application, and long winded searches that lead to dead ends.
Real advice can be hard to come by, the most valuable information we can provide to you Is that a business plan is required to apply for different financial assistance and we have the most complete example for you to write your own regardless of your business or ideas
Find the grant program that is right for you! There are hundreds of programs out there, a lot of which tend to not suit your specific needs. Some programs are specialized, targeting specific business sectors. Those programs are real goldmines if your business fits into the particular category the program targets. You must follow up on these programs. Search for lesser known grant programs. There are many grant opportunities that you never even thought existed. Our resources can help you find the program that is right for you.
Apply Early and Often! There are no limits on the amount of times you can apply for a grant and the earlier to apply the earlier you can recieve your money and start improving your business.
What is a grant?
A grant is a sum of money given to you or your business which does not have to be repaid. Most grants are conditional, meaning that the funds need to be used for the purpose that they were given. Many times this purpose is broadly defined. Grants can be used to purchase equipment, real estate, to advertise or to conduct a marketing/feasibility study as well as many other purposes.
What is a government loan and how does it differ from a conventional loan?
A government loan must be repaid just like any other loan. These loans are often given to individuals and businesses that would not qualify for a loan through a conventional financial institution. Government loans often have very low interest rates, or a period of time during which no interest is calculated. These loans often offer repayment terms over a long period of time. The government sometimes provides loans directly, and sometimes provides a loan guarantee to a conventional financial institution. Both types of loans can offer the same beneficial terms.
How long will it take for me to receive assistance from the government?
Assistance can arrive in a few weeks to a year. Remember, that some programs have application deadlines, so if you miss it, you’ll have to wait until the following year to apply. The delay depends on the program(s) that you apply for. The sooner you apply, the sooner you can be accepted and start to receive funding!
How many grants can I apply for?
There is no limit to the number of grants that you can apply for. You should apply to as many programs as possible. This way you will maximize your chances of being accepted by at least one program, and possibly more. We can help you decide which programs you are most qualified for.
How do I apply for a grant?
Every grant program has a different application process. Many can seem overwhelming and complicated to the first time applicant. If you call us we can help you see clearly through any government red tape to the results you want
How much does it cost to apply? Is there a credit requirement?
Applying for grants is free! We encourage applying as often and to as many programs as possible. Your credit worthiness is not an issue for many programs. In fact many programs exist specifically for those with little to no credit. Government funding is often an alternative to conventional financing. You can even have bad credit or a bankruptcy and still be eligible for many programs