Originally posted by Alex789
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There is no doubt getting a business loan is different for a resident vs someone in BC on a work visa or something. So that will play a part.
If you do have PR, things might be a tad bit better than someone who doesn't.
Another thing is to 'bootstrap' vs getting a loan.
Which means you start a business with what you have instead of borrowing.
However, if you have a sound business plan and getting funds can help you get going, then go for it.
BDC seems to be a good resource. I'm not sure if it's set up by the government or not.
Also as @Lewis-H mentioned, you can contact your local banks too.
They are kind of desperate to meet their lending quotas due to Covid so your interest rate might be lower than usual.
Good luck and looking forward to your update after a year or so.
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