Do you need a little help in helping you start a small business? Do you need some financial aid to help you fund your education? Do you need a little help to implement the programs in your non-profit organization? There are some offices in your neighborhood and loans in the bank which could be of service to you, but you could also ask the Canadian government grants and loans office if they have any that you may be able to qualify for.
Financial aid that is pretty much given for free is called a grant. It means that you do not need to pay the government back for the money that they will invest in your need or venture. This is unlike a loan that you may also apply for but which you need to pay back. However, since it is a government it might be that this loan has a low interest rate which makes it more affordable and gives you more breathing room with your financial status. These grants given from the government may be either from the local or federal office. Now keep in mind that there are not a lot of these available and there is a stiff competition for you to be chosen as a recipient.
Like it was stated above there are different kinds of grants and loans. Let’s take a look at some which you might be interested in applying for.
If you’re a woman, there Canadian government grants and loans that are specifically for you. You can have a look at the following office to see if you can qualify for them. These offices especially help women who are entrepreneurs. These women either have a business or would like to expand it or they are hoping for a little bit of capital so that they can start fulfilling their dreams. The Women’s Enterprise Initiative Loan Program gives up to a maximum of $150,000 for the recipient. This woman must also own at least half of the business that already exists. On top of that they will also offer open windows for you to gain access to other important business information or services. Do you need training? This grant will also look into that and training is part of this grant. Another kind of office that you might be interested in if you are interested in more training for your trade is the Apprenticeship Incentive Grant (AIG) and the Apprenticeship Completion Grant (ACG). There are quite a few slots for these types of grants. It is estimated that there are about 20,000 recipients a year that can avail of this grant.
There are many sources that you can look into to research about the kinds of grants available. Why don’t you stop by your local government unit to ask about the grants available to you on a local and federal level? You can also do some of your own research online to search for a grant that will be able to meet the specific needs of what you the financial aid for.