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Micro-Credit
Loans for New Businesses in Canada
Micro-credit loans are loans
with a small dollar value. They are limited to a maximum of $25,000, while
most loans are in the $2-5,000 range.
Micro-credit loans are available
for very small businesses with low start-up costs. They also target potential
business owners in very specific catagories: low income, women, immigrants,
disabled, or young entrepreneurs. Some micro-credit loans are for new
businesses within certain geographical area.
Information on obtaining and
applying for a micro-credit loan can be found at the Canada
Strategis website
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