Canadian Government Grants Small Business

by government grants on October 28, 2011

There are many types of grants. A grant is financial aid given to an individual person or group to help them with their need. There are grants for education, for business, for minorities, and much more. Some people have the wrong impression that there are many grants available to the citizens which the government has found a way of not releasing. However, this could be further from the truth. There are grants available but there aren't that much; and the grants that are available are being competed over by thousands of applicants. It takes a great application and proposal in order to get a small business grants. This financial aid does not need to be repaid back to the local or federal government that it came from.

Women are sometimes left out when it comes to opportunities; therefore the Canadian government grants small business opportunities to them which has helped empower women in the community. Their empowerment has helped nourish the rest of the community and is also a way to advocate women's rights. You can continue to read to do see what grants the Canadian government is offering to women who are living in their nation. 

The Canadian government grants small business to people living within in their four provinces. There is especially a grant given to women who are either starting up a business or expanding theirs. The Women's Enterprise Initiative Loan Program is a program that gives grants to women or offers them loans which are affordable for them to repay. Besides giving financial aid, this grant gives women other services. Those who are able to avail this kind of grant are given the opportunity to have further training. They are also given information and access to other businesses and services therefore widening their doors to more possibilities. However, there are some qualifications for this government grants which you can read up more on the internet. The woman who avails of this grant must own at least fifty percent of the business, and the maximum amount that the receiver can get is up to $150,000.

Another type of grant women can avail is for those who come from an Aboriginal back ground. Women as you know are considered a minority in the society. This was further narrowed down and the government set aside money to help this ethnic minority. A requirement for this kind of grant is that the Aboriginal woman must set up or has an existing business in Alberta, Canada. There is at least $10,000 that an applicant can receive. On top of that there are also loans that these women can avail of.

When you send your application, it is wise to have all the ready information in order to get considered. As mentioned earlier, there are many applicants, so you need to find a way to make yours stand out. Make sure that you did the research and have a comprehensive proposal with a corresponding budget. Depending on the budget you might also have to give current information regarding your present business.