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Business loan for an immigrant

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  • Business loan for an immigrant

    I have been in Canada for almost three years. Currently, I am working in a private firm here. I am thinking of starting my own business now. I think it would be difficult for an immigrant to get a business loan in Canada. I read some details regarding this They have mentioned the eligibility criteria for an immigrant to get a home mortgage. What are the criteria to get a business mortgage? If somebody has any idea about this, please share the details.

  • #2
    Try to ask in bank in Canada

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    • #3
      SBA Loans. Small Business Administration (SBA) loans are among the most affordable small business loans options you can find, but there are downsides. ...
      Government Grants. ...
      Friends and Family. ...
      Business Credit Cards. ...
      Crowdfunding. ...
      Microloans or Short-Term Business Loans.

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      • #4
        It is possible to get one of payday loans for self employed. Usually they don't pay attention to your credit score. And you can receive money very fast. We all have ups and downs, so sometimes we need extra cash. I personally got this kind of loan when the COVID-19 quarantine started, it helped me a lot.
        Last edited by Alex789; 09-01-2020, 11:17 AM.

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