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Small Business > Starting a Business > Financing

Financing Your Business

Many entrepreneurs start their business using their personal savings and investments, or money from friends and family. These sources of financing show that you have equity in your business. Having some kind of equity to invest in your business is typically a requirement to be eligible for a bank loan, business credit card or to qualify for government financing programs.

 

Government Financing Programs

The federal and provincial governments provide various programs to help entrepreneurs get their business off the ground. Some programs are limited to specific demographic groups or industry sectors. Grants generally do not need to be repaid; loans and loan guarantees generally need to be repaid.

To learn more about the available government financing programs, visit the Canada Business Network (opens external website in new window) site.

 

Canada Small Business Financing Program

This program, sponsored by the federal government, can help you secure up to $500,000 from a financial institution. RBC Royal Bank is a program participant. The loan can cover up to 90% of the costs to:

  • Purchase or improve property
  • Purchase leasehold improvements or improve leased property
  • Purchase new or used equipment

For more information, or to apply, visit our Canada Small Business Financing Loan page.

 
 

Cash Flow is the Life Blood of Your Business

Ensure you have enough cash to support your business.

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