2014 GOVERNMENT GRANTS & LOANS FOR BUSINESSES
Ottawa, Ontario May 1st, 2014
Summer is almost upon us and many small businesses owners are looking to maximize their businesses growth for the coming year. Government Grants and Government secured Loans are two of the tools available to Canadian Businesses to help them to take advantage of the various business opportunities that will present themselves in the coming months.
Depending on the industry that a business operates in, the summer months can be a busy or quiet time. Regardless of wether a business has a seasonal high, or low in terms of activity at this time of year, it remains an optimal time to pursue funding for the year’s continued and new ventures.
New programs are often introduced in January of every year. Many of the funding programs that have been announced over the previous year will come into effect at the beginning of a calendar year. A lesser known fact is that many government grants and government loans programs have a fixed annual budget that resets in sync with the calendar year.
These two facts combine to present a unique opportunity for Canadian business owners:
This is the best time of year to invest in your business with Government Grants and Government Loans.
Program funding may be available for the following business endeavours:
- Starting a new business
- Expanding an existing business
- Investing in capital expenditures (equipment etc.)
- Making improvements to existing company facilities (lease hold improvements)
- Purchasing real-estate for business purposes
- Investing in skills training for staff
- Employment and hiring subsidies for new workers
- Agricultural subsidies
- Manufacturing subsidies
- Assistance for export related business endeavours
- Tax credits and direct subsidies for business research (product or processes)
- Various other purposes
In order to make sure that a business qualifies, the business need simply follow the following rule to success with government funding:
Apply Early. Apply Often.
Business owners and individuals who are starting a new business that wish to take advantage of the most up to date information are encouraged to contact The National Business Finance Centre directly at: 1-888-707-3222.
The recommendation remains the same for summer as for spring:
Canadian Businesses that want to succeed in an increasingly competitive international and local market place need to take advantage of all the opportunities available to them. This can often mean accessing that latest Government Grants and Loans for Canadian Business.