Financing your new business
Entrepreneurs often report that getting financing is the most challenging aspect of starting a business. There are both government and private-sector sources of financing that you can tap into to get your business off the ground.
Government financing
The government provides financing to help entrepreneurs like you start a business. Some of this financing is targeted at specific demographic groups or industry sectors, and some is more widely available. The financing includes grants and contributions (which generally do not have to be repaid) and loans and loan guarantees (which generally do have to be repaid).
- CYBF Newcomer Program
If you are a recent immigrant to Canada and are between the ages of 18 and 39 years old, you can apply for money to start a business.
- CYBF Start-Up Program
Are you between 18 and 39 years old? If you are a Canadian resident with a good business idea, you could get $15,000 or more to start or run a business full-time.
- Aboriginal Business Canada
Apply for financing to start or grow your Aboriginal business.
- Aboriginal Business Development Fund (Ulnooweg Loan)
Funding for Aboriginal people in Atlantic Canada to start, buy, grow or refinance a business.
- Aerospace Tax Holiday
Your PEI aerospace business may be eligible for a tax rebate.
- Atlantic Association of Community Business Development Corporations
If you live in a rural region of Atlantic Canada, you can access business counselling, financing and training to help start or grow your business.
- BDC financing
You could get money to help you start or grow your business.
- BDC growth capital for aboriginal business
Find out how you could get money to help start or grow your Aboriginal business.
- BDC subordinate financing
Do you own a successful business, but lack the collateral to get a conventional loan? Discover an alternative way to finance your business growth.
- Business Development Program
Access funds to start, expand or improve your business in Atlantic Canada.
- Buying a business
Find out how you may get financing to buy an existing business.
- Canada Small Business Financing Program
Access funds for your small business with the help of this loan guarantee program.
- Canadian Agricultural Loans Act program
Find out how you could use this loan guarantee program to secure credit for your farming business.
- Community Business Development Corporations – Social Enterprise Loan
Find out how you could get a loan of up to $150,000 to start-up, renovate or grow your social enterprise in rural Atlantic Canada.
- Community Business Development Corporations — Loans for Atlantic entrepreneurs
You could borrow up to $150,000 to start, grow, or modernize a business in a rural area of Atlantic Canada.
- Entrepreneur Loan Program
You may be eligible to receive up to $50,000 directly from authorized lenders backed by a government guarantee for your new or expanding business.
- FACTOR funding for the recording industry
If you have a recording business or if you are a song-writer, composer or musician and record in English, you could get money for certain activities.
- Farm Credit Canada Products and Services
You could access capital for your farming or agri-business operation.
- Financing for starting a business
Learn how you could get money to start or buy a business or to buy property or equipment to set up your business.
- Marketing Support Program
You could obtain financial assistance for marketing costs from start-up through to international exporting.
- Opportunities Fund for Persons with Disabilities
If you are a person with disabilities who wants to start a business or if you are an employer who would like to hire someone with a disability, you could qualify for funds.
- Self-Employ PEI
Interested in starting your own business? If you are currently unemployed, you may be eligible to receive benefits to help you do so.
- Small Business Loans
You could obtain a small business loan to purchase or expand a business, to consolidate debt, or undertake new construction.
- The Prince's Operation Entrepreneur
If you are a transitioning Canadian Forces member looking to establish a small business, this program could be for you.
- Tourism loans
If you own a tourism establishment other than a bed and breakfast, you may be able to get a loan to buy, build, renovate or expand your business or consolidate debts.
Private-sector financing
You can also turn to the private sector for financing for your business. You can look to Canada's major financial institutions, such as banks, credit unions, and cooperatives. Depending on the type of business you want to start, you might also be able to secure venture capital or financing from angel investors.
- Sources of private sector financing
Find out about the debt and equity financing available from the private sector for your business needs.
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