So you are applying for Canadian Grants for Small Businesses? Yeah? If you answered yes to that, I’m pretty sure that you would agree that the whole process could get long and tedious…and it sucks even more when you apply for the wrong type of grant and your application is rejected.

In light of that, let me show you 5 tips that will surely make applying for Canadian Grants for Small Business a breeze. Without further fluff and adieu, let’s take a closer look at them…

Applying For Canadian Grants for Small Business Tip 1
First and foremost, you should know your terminology. You see, the phrase “small business grants” is kind of rare when you look through Canadian government websites. For one thing, this is because small business grant programs are rare. Instead go for the terms – small business financing.

This should make the search process a lot easier. Along with that, you could also look for awards, contributions, non repayable loans, rebates, subsidies, and other related terms. As you can see, all of these terms mean that you get funding for your small business and you don’t have to pay it back – it means basically the same as small business grant, right?

Applying For Canadian Grants for Small Business Tip 2
Next, you should determine where your small business falls on the grant priority scale. You see, there are businesses and markets that are grant rich, so to speak. Why? Simply because these businesses fit perfectly well with the government’s objectives…making them even more targeted for funding.

On the other hand, there are small businesses that aren’t very targeted for funding, and doesn’t harmonize well with the government’s priority and objectives. Here are some examples – grans for retail businesses…they are notoriously scarce. Along with that, you would find more grants in Northern Ontario than in its Southern counterpart.

Now that doesn’t mean you won’t find any grants. Chances are there will be – you just have to look for it a lot harder and it will take longer.

Applying For Canadian Grants for Small Business Tip 3
Hub sites – take advantage of them and search through them. Government hub sites like the Industry Canada website provide listing of government assistance, and they include small business grants. Right from the Government assistance page, you can search for government businesses financing and assistance which is available in your province.

Another nice hub site that you could take advantage of would be the Canada Business Network. This convenient hub site helps you access all the information you need to understand and analyze small business grants as well government programs that are specifically designed to financially help budding and starting businessmen.

Applying For Canadian Grants for Small Business Tip 4
Next tip – you should check out your particular industry. You see, there are different small business grants as well as assistance programs that are specifically designed and tailored for a particular industry sector. With that in mind, looking for grants within your industry can help you narrow down your search and find a grant where your application have higher chances of approval.

You can search by industry at the Industry Canada website and look for assistance programs available to you.

Applying For Canadian Grants for Small Business Tip 5

You should position your business to take advantage of small business grants and financing programs that exist. How? Here’s an example – taking part in the SR&ED Tax Credit program will give you easy access to free money in the form of tax credits. In my opinion, this is just as good as small business grants. Not to mention you don’t have to apply and wait for approval.

Just get involved in the program, make sure you follow all of the rules, and VIOLA! You can now make your tax claim.