Access to capital remains the lifeblood of small business growth in Canada, yet 42% of entrepreneurs report significant funding challenges in their first year. Traditional bank loans, government grants, and alternative financing options create a complex web of opportunities for business owners seeking to expand, innovate, or manage cash flow. By understanding these diverse funding sources and preparing strategically, Canadian entrepreneurs can significantly improve their chances of securing the capital needed to thrive.
The landscape of small business financing has evolved dramatically over the past decade, with financial technology…