Getting a business start-up loan from your bank or credit union

Istock 000004615638xsmallYou have a great business idea. All that is missing is the money to start the business. What do you do?

Short of landing a spot on CBC's Dragons' Den, you're most likely to try to get a business loan from your bank or credit union and to apply for some government program.

In this blog post, we'll take a look at how you can obtain financing from your bank or credit union to start your own business. We'll take a look at government financial assistance programs in a later blog post.

Credit is not as easy to obtain as it used to be. Lenders use stricter criteria to determine if you are eligible for a loan and they won't want to take any shortcuts with the process.

Here are some tips to help you prepare for your business loan application:

Here are a few resources that will provide more information:


Posted by Jason on July 27, 2010
Very informative post! Really thanks for sharing.

Thanks and Regards
Posted by shahida on February 10, 2012
How to borrow money from BDC?
Posted by Canada Business Network on February 10, 2012
Hello Shahida,

BDC offers a large variety of loans and you can use their website to determine the type of financing that is right for you. You can also make a financing request through their website or contact the BDC toll-free by dialling 1-877-BDC-BANX (232-2269).

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