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Q.

Can I receive a small business loan without placing a down payment on the loan?

A.
Yes. It is possible to receive a small business loan without placing a down payment on the loan. Government programs such as the Canada Small Business Financing (CSBF) Program provide sponsored loans programs to help people like you who may not have enough money to place a down payment for a loan. Loans are given out for 10,000 small businesses yearly, providing $10,000 for each business on average. Because this loans program is designed to help small businesses who do not have a lot of financial backing, no down payment is required when the loan is granted. Ask about it at the Centre for Small Business Financing, 1-866-682-2402.
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Find out how these Canadian small businesses did it...
$38,285 Government Loan lets Kootenays, BC Security Business Modernize and Expand

$38,285 Government Loan lets Kootenays, BC Security Business Modernize and Expand

Sleuth entrepreneur tracks down government loan backing for upgrades After 25 years serving in law enforcement within Canada, Dick Lee had the nose of a bloodhound and a pretty sharp eye. That's 'eye' as in Private.... View Details
$1.5M Loan Awarded to Truro, NS Carpet Mill

$1.5M Loan Awarded to Truro, NS Carpet Mill

A Nova Scotia carpet manufacturing has received a $1.5 million repayable loan from ACOA's Business Development Program (BDP). Crossley Carpet Mills will use the money to add equipment to its Truro manufacturing facility, which has been expanded with the move of Crossley's sister... View Details

Below are the latest small business financing news as of Wednesday, Oct 18, 2017
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18 October

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"from the moment we got accepted into that program, we got paid from the government a salary every two weeks for one year ....."
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