A Guide to Structuring a Business Start-Up: Acquiring Credit for a Business Start-Up/Expansion


You could get financial assistance, if you are carrying out a start-up or business development project in the manufacturing, value added tertiary sector or tourism industry in the Regional County Municipality of Des Sources.

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Learn more in French only Find contacts in French only. If you are starting or expanding a business, you could be eligible for financing in the form of various types of loans or loan guarantees. The maximum duration of funding is 25 years. Agricultural sectors, finance, real estate and retail are excluded. Learn more Find contacts in French only. Access a wide range of specialized financing to match the various stages of growth of your business, such as:.

If so, you could get assistance with a project relating to the start-up, expansion, consolidation, growth, or acquisition of a business, such as:. These non-profit organizations can help you start or grow a business in your community.

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If you live in Quebec, the office in your area can offer:. Whether you are launching a business or looking to expand and grow an existing one, you could get a term loan to help you:. You may need to provide credit references and to have invested money in your business. Would you like to buy an existing business? Do you need a consultant to help you determine its strengths? You could get a loan to:. The type of loan you could get will depend on whether or not you already own land, shares in a business, or other assets.

Are you an immigrant entrepreneur?

Funding Through the Lifetime of Your Business from Startup to Expansion

The terms are flexible, with a repayment period of up to 6 years. You would not need to make any capital payments for up to 12 months. Learn more Form s. Keep your cash flow.

Rather than using the money you need for day-to-day activities, consider applying for additional financing. The entire process is completed online. Do you need a loan to start or buy a business, or to pay for property and equipment to set up your business? Financing may be available to entrepreneurs who demonstrate:. Your social economy business, non-profit organization or cooperative could get a loan with a year capital repayment moratorium. If you live in a rural area or in a region that doesn't have many job opportunities, you may be able to get a loan to start or grow a business.

The amount of funding available and the eligibility criteria depend on the region where you live.

Finance your startup

You will need to create a business plan and describe any financing you have received or expect to receive through any other government or municipal program. The funding is a loan that must be repaid. Do you need financing to start, run, grow, or transfer an agri-food or agribusiness operation?

Farm Credit Canada offers a large range of loans with unique terms that can help you:. Do you own a non-conventional-sized agri-food business or small farm in the Regional County Municipality of Nicolet-Yamaska? If you are an agricultural entrepreneur or on your way to becoming one, you could be eligible to receive assistance including:. Are you a newcomer to Canada between the ages of 18 and 39, with a limited credit history? You cannot use the funds to pay existing debts. You need to repay the loan and pay administrative fees. Are you a Montreal entrepreneur aged 18 to 40?

Are you a transitioning Canadian Armed Forces member, veteran, reservist, or a family member looking to establish yourself as an entrepreneur? Or do you already have a business? The support service is provided in partnership with a support organization in your area. The maximum amount granted might not be the same in some regions. Please contact your local Desjardins caisse for details. Learn more Find contacts Form s.

You could receive a grant to help you finance plans to start, consolidate or expand your social economy business. You could receive a non-repayable contribution to support your projects in the Capitale-Nationale region, such as:. If you are between 18 and 35 years of age, you could get technical and financial assistance to build your first business. You could receive financial assistance for training that can help you start a business if you:. You could get a wage subsidy to hire someone with a disability. The funding can cover a portion of the salary.

Projects must normally involve a minimum of 8 participants. Do you want to sell your business? Do you own a co-operative and want to buy a regulatory business? Are you a young fisher looking to buy your first commercial fishing business? You could get financial assistance and expert advice to start your own business or create your own job.

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Lending standards have gotten much stricter, but banks such as J. Have immigrated to Canada less than 3 years ago Be a Canadian citizen or have permanent residence status Have a viable business plan Have no established or little credit history to easily access financing The terms are flexible, with a repayment period of up to 6 years. For any inquiries, please contact our information agents. You could get financial assistance, if you are carrying out a start-up or business development project in the manufacturing, value added tertiary sector or tourism industry in the Regional County Municipality of Des Sources. Your social economy business, non-profit organization or cooperative could get a loan with a year capital repayment moratorium. If you live in Quebec, the office in your area can offer:. If so, you could get assistance with a project relating to the start-up, expansion, consolidation, growth, or acquisition of a business, such as:.

Learn more in French only Form s in French only. If you are between 16 and 29 years old, you can leverage the expertise offered by local resources. Benefit from support monitoring and validation of your entrepreneurial skills, and reimbursement of costs associated with exploring a business project. You can also consult our other directories of financing programs.

1. Loan guarantees

You could also avail yourself of non-financial resources to succeed in your business venture. For any inquiries, please contact our information agents. Was this information useful? Our qualified agents can help you. The address of this page is: Click on one of the two buttons to access the content you wish to view.

Directory Finance your startup Share on: Loan guarantees Equity investments Loans and cash advances Grants, contributions and financial assistance Other resources.

Financing your new business

Canadian Agricultural Loans Act program Agriculture and Agri-Food Canada If you are an agricultural producer, this program could help you get a loan from a bank, a credit union or a caisse populaire. Existing farmers Beginning or start-up farmers Farmers taking over the family farm Agricultural co-operatives Loans are limited to a maximum of: Share buybacksBusiness acquisition Productivity improvement or growth expansion, equipment upgrades All Quebec businesses are eligible, except for those working in the following sectors: Agriculture Finance and insurance Real estate Retail sales Other sectors in which the client base is made up mainly of individuals, except for the tourism sector Other conditions apply.

Start up or expand your business Purchase equipment Meet your cash flow needs Increase your working capital Your business must have been in existence for no more than 5 years or be in the process of starting up. Assessment projects Market development Hiring strategic personnel Business start-ups supporting economic and tourism development Installation or improvement of public infrastructures The fund will contribute up to: Support is primarily in the form of a: Support will be primarily in the form of a: To be eligible, you must: Be 18 years of age or older and a member of a cultural community Provide a business plan for your for-profit project Submit your financial forecasts or statements Demonstrate training or experience relevant to the project Other conditions apply.

These lenders will bid on the invoices, which can be sold in a bundle or one at a time. Read more on financing your business with factoring. Lending standards have gotten much stricter, but banks such as J. Morgan Chase and Bank of America have earmarked additional funds for small business lending. So why not apply? Read more on what you need to know about filling out a loan application. Using a credit card to fund your business is some serious risky business.

Fall behind on your payment and your credit score gets whacked. Pay just the minimum each month and you could create a hole you'll never get out of. However, used responsibly, a credit card can get you out of the occasional jam and even extend your accounts payable period to shore up your cash flow. Read more on financing your business with a credit card. If you're unemployed and thinking about starting your own business, those funds you've accumulated in your k over the years can look pretty tempting.

And thanks to provisions in the tax code, you actually can tap into them without penalty if you follow the right steps. The steps are simple enough, but legally complex, so you'll need someone with experience setting up a C corporation and the appropriate retirement plan to roll your retirement assets into. Remember that you're investing your retirement funds, which means if things don't pan out, not only do you lose your business, but your nest egg, too.

Read more on financing a business with your k. A crowdfunding site like Kickstarter. Your friends, family, and strangers then use the site to pledge money. Kickstarter has funded roughly 1, projects, from rock albums to documentary films since its launch last year. But keep in mind, this isn't about long-term funding.

Rather, it's supposed to facilitate the asking for and giving of support for single, one-off ideas. There's no long-term return on investment for supporters and not even the ability to write off donations for tax purposes. Still, that hasn't stopped close to , people from pledging to Kickstarter projects. Read more on using Kickstarter for business. Young, ambitious and willing to make a bet on your future earnings? Through an online marketplace called the Thrust Fund, the three have offered up a percentage of their future lifetime earnings in exchange for upfront, undesignated venture funding.

Read more on trading future earnings for funding now. When pitching an angel investor, all the old rules still apply: But the economic turmoil of the last few years has made a complicated game even trickier. Here are some tips to win over angel interest:. Read more on finding an angel investor.

2. Equity investments

To help you find the money you need, we've compiled a guide on 10 financing Read more on financing your business with a credit card. 4. Tap into Your (k). If you're unemployed and thinking about starting your own business, those funds Hitting up family and friends is the most common way to finance a start-up. University's business and technology extension service. legal structure of your business. 33 tips for getting and using small business credit .. Purchasing an established business can lighten the burden of start-up costs, lag time without a.

With banks reluctant to take any chances with their own money in the wake of the credit crisis, loans guaranteed by the U. Small Business Administration have become a hot commodity. Indeed, funds to support special breaks on fees and guarantees on SBA-backed loans have run out a number of times.

And while SBA-backed loans are open to any small business, there are a number of qualifications, including:. Read more on getting an SBA loan. Hitting up family and friends is the most common way to finance a start-up. But when you turn loved ones into creditors, you're risking their financial future and jeopardizing important personal relationships.

A classic mistake is approaching friends and family before a formal business plan is even in place. To avoid it, you should supply formal financial projections, as well as an evidence-based assessment of when your loved ones will see their money again. This should reduce the likelihood of unpleasant surprises.