Determine Financing Options

To successfully start or grow your business, it is important to know how much money you will need and what financing options are available.

Financing is needed for a variety of capital and operational investments including the purchase the equipment, buying inventory, pay overhead costs such as rents and salaries.  Make sure there is a large enough amount of money set aside for ongoing expenses. Assess the start-up and ongoing business costs to determine the amount of money required before you begin.  This is part of the initial planning process.

There are a variety of financing options available for small business owners, including bank loans, money from investors, and government grants. To improve your chances of successfully obtaining funding, it is important to demonstrate in your business plan that you understand every aspect of your business and its ability to generate profit.

Some questions to help determine your financing options


Determine your Financing Options – Frequently Asked Questions

What Funding is Available?

Limited funding is available for starting a small business. When funding is available, it is usually directed at key employment sectors or for businesses that are considered as innovative or high-tech.

The success of your business depends on having enough money to purchase the equipment, buying inventory, pay overhead costs such as rents and salaries, and have a large enough amount set aside for additional ongoing expenses. It is essential to assess the costs of start-up and doing business, and determine the money required before you begin. This is an important part of the initial business planning process.

Due to the diversity and size of the local business economy, neither the federal or provincial levels of government provide extensive financial support for start-up businesses.

More information can be found at

Are there any government grants to help me start my business?

Due to the diversity and size of the local business economy, neither the federal or provincial levels of government provide extensive financial support for start-up businesses.

Government loans, grants, subsidies and other forms of financial assistance are available to small and medium-sized businesses in Ontario. Your business type, industry, location and activities will all determine which programs will apply to you. The amount of money that you can invest in the business could also determine your eligibility for government financing.

Government of Canada Grant Resources

A database of all possible government loans, grants, subsidies and other forms of financial assistance are available here –  canadabusiness.ca/grants-and-financing 


LEARN MORE


Mississauga Business Enterprise Centre (MBEC)

Whether you are starting or growing your business, we can help! MBEC is your central source for small business information, resources and guidance. We’ll answer your questions about registering and starting a new business, preparing a business plan, taxes, government regulations, available government programs and much more! If you have a question, or would like to contact us, please submit an inquiry or visit the MBEC office at the Mississauga Central Library (4th Floor).

Learn about: Starting a Business Growing a Business

MBEC Ask a Question