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Loan guarantees – Under the Canadian Small Business Financing Act, [1] the federal government may guarantee a financial institution's loan to a small business, to a maximum of 85 percent. If the borrower defaults on a loan, the bank is protected, and therefore more apt to offer small businesses financing.
The Wells Fargo Small Business Advantage® line of credit will help businesses newer than two years old, provided they have strong credit (a personal score of 680 or higher).
A few lenders will drop credit score requirements even lower and offer loans with no set time in business requirement or credit scores as low as 450. Business lines of credit: Best for flexible ...
The Canada Revenue Agency collects most individual income taxes in Canada. Canada uses tax brackets to determine an individual's tax obligations, the rates of which are set by the Department of Finance. Personal income taxes are levied by both the federal government and provincial governments, each with separate rates, but are collected ...
A business credit score indicates whether or not your business represents a good credit risk to lenders. Like your personal credit score, your business credit score shows lenders that you pay your...
Canada Business Network (CBN) (French: Réseau Entreprises Canada) is a collaborative arrangement among Canadian federal government departments and agencies, provincial and territorial governments, and not-for-profit entities 1. Its aim is to provide small and medium Canadian businesses and enterprising organizations with the resources they ...
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