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The Canadian government has many grants programs for small business.  These subsidies and financing instruments are designed to boost the growth of the Canadian national economy.  Because small businesses are the dominant economic players in the localities, giving the necessary financial boost will surely stimulate the entire economy and spur robust jobs growth.  If you are a Canadian business owner, you may want to know more about a program called conditionally repayable contribution.

Official Canadian government grants, called conditionally repayable contributions are similar to equity financing.  The Canadian government will invest in your company or provide financing facilities for your small business.  The minimum grant amount for conditionally repayable contribution is $10,000.  The maximum amount that your small business can get from this Canadian grants program is $500,000.  As you can see, you can enjoy substantial capitalization from the government of Canada once you qualify for the conditionally repayable grants program.  With a single lump sum of $500,000, you will be able to modernize your small business by acquiring new equipments and latest technology for manufacturing or production.

Through the conditionally repayable contribution grants program, the government will serve as an investor for your business.  However, you will be protected from such partnership because the government will only demand repayments of loans and grants if your company starts to enjoy positive cash flow.  Essentially, repayments of loans and official capitalization will depend largely on the profitability of your business.  You can not find such arrangements if you seek loans and financing from private investors and commercial lenders.

The conditionally repayable contributions program of the Canadian government also provides several financing options for you.  So you can enjoy access to different types of financing and funding if you qualify for the repayable contributions program.  For example, you can choose a special loans program for your small business and get an interest free loan from the Canadian government.  Depending on the terms and conditions of the loan, you will be given the option to repay just a portion of the entire loan.  There are also options where you will be required to repay the entire amount of the loan with easier terms.  The Canadian government can also provide 50 percent subsidy for the cost of your start up.  The amount extended to you will be in the form of conditional loan and payments will start once you register positive cash flow.

Aside from start up costs and operational expenses, your small business can also draw financing from the conditionally repayable contribution program for staff trainings.  Eligible activities also include product innovation and development, marketing, advertising, quality control and assurance, and research.  As long as the needed capitalization will not exceed $500,000, then your small business can take advantage of this grants program of the Canadian government.  There are also instances that the Canadian government will foster cooperation between business owners and unions through this type of grant program.  With government financing, you and your employees can build a partnership thus ensuring the continued growth and success of the entire enterprise.

Are you looking for Canadian government grants? Visit our website today to find available loans for small business and financing programs provided by the Canadian government for small business owners.