Government Assistance For Businesses

Government assistance for businesses has been around for many years and developed to help new and existing businesses by Industry Canada and Consumer Affairs, Canada.

Government assistance for businesses is sought out by thousands of people looking to start their own businesses for one reason or the another.

One of the biggest concern for many people starting a business is funding. The speed at which a venture succeed depends on availability of start up funds plus funds to sustain it over the long hall.

Funds, however, are not sufficient without good business plan and management.

Below are some government assistance for usinesses. These are Goverment Of Canada sites. This list is by no means exhausive so, do your research and choose the one that is right for you.

Program	Website	Applications/Enquiries	Types of Loan
Canada Benefits. This website provides an overview of all government benefit programs.	www.canadabenefits.gc.ca	Toll-free: 1 800 O-Canada (1-800-622-6232) TTY/TDD: 1-800-926-9105	Grants and contributions, subsidies and loan guarantees
Industry Canada -Access to programs	www.ic.gc.ca	Online: info@ic.gc.ca Telephone: 613-954-5031 Toll-free: 1-800-328-6189 (Canada) TTY (for hearing-impaired only): 1-866-694-8389 (toll-free) Fax: 613-954-2340	Grants and contributions, subsidies and loan guarantees
Business Development Bank (BDC) Canada's business development bank	http://www.bdc.ca	Business Development Bank of Canada 5 Place Ville Marie MontrÃ©al, Quebec H3B 5E7 Toll-free number: 1 877 BDC-BANX (232-2269) Fax: 1 877 329-9232	Grants and contributions, subsidies and loan guarantees
Canada Business Governent grants, loans and financing	http://www.canadabusiness.ca	1-888-576-4444 (9:00 AM to 5:00 PM, in every time zone) TTY: 1-800-457-8466 (for the Deaf or hard of hearing) (8:30 AM to 6:00 PM, Eastern Time) Fax: 1-888-417-0442	Grants and contributions, subsidies and loan guarantees
Canada Revenue Agency Ontario Ministry of Revenue	http://www.cra-arc.gc.ca http://www.rev.gov.on.ca	GST and HST Calculation tables pathway Goods and services tax/harmonized sales tax (GST/HST) scroll down to GST and HST calculation tables	Telephone: 1-800-267-6999 TTY: 1-800-665-0354

There are many lending institutions that will lend money to businesses from small amount to large sums. The level of interest rate ranges from low, for those with good credits, to very high for poor credit rating.

It is a nice feeling to know that one can get a large loan from private lenders at high interest rate when all else fails with the regular banks.

Be wary of any one wanting to get credit card payment for registration over the telephone. Not all businesses that have the Maple Leaf as their logo are run Government Of Canada.

With government assistance for businesses, it may be a better option to start on a small scale financially than to risk loosing the business because of insufficient profit to take care of all the business and personal needs.

It takes time to grow a business into a profitable one. I believe that if the business is managed well then profit will follow. Do your research and make sure that the lending institution is credible.

Visit us regularly for updates on government assistance for businesses.Please use the Contact Us page for further information.

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