Canadian Grant Application: What You Need to Know?

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Similar to loan applications, getting Canadian government grants is a lengthy process. It is true that submitting grant application is easy. The difficult part is how to ensure that you can get the official subsidy and grant of the government. There are several important things that you have to know in order to quickly facilitate the submission and approval of your grant application. However, you have to take note that there are no sure guarantees of getting a favorable nod from the Canadian government. Everything will rely on the correctness of your grant application and business proposal. Most importantly, approval of government grants is also subject to the availability of official funds for a particular sector.

The first thing that you need to know when you submit grant application is the issue about eligibility. Specifically, you need to determine if your company is eligible for a government financing. What you should do is to get as much information as possible from the agency or department that will give the grant. Carefully read the provisions of the grants program about eligible companies that can apply and projects that can be approved. Usually, this information can be downloaded from a Canadian government website. So you need to research on the question of eligibility before you submit your grant application.

Availability of funding is another important element that you should investigate before you submit your grant application. The Canadian government prepares an annual budget for each department or agency. A department will allocate certain funds for grants for the given fiscal year. You can easily find out if there are still funds available by looking at the approved projects for the year. Normally, the concerned agency or department will post updates on its website if there are still slots available for funding. If no updates are given, you can simply perform simple arithmetic and determine if the earmarked funds are already taken by the approved projects.

If you think that your business is eligible for funding and there are still funds for government grants, the next thing that you should do is to carefully study the official grant application forms. Sometimes, technical mistakes or incomplete information on your application form can lead to disapproval. You should carefully read the rules and special instructions provided by the grant giving body. You must also attach all required paper work and documentations. One missing document can mean outright disapproval of your application. So you should always double check the forms and your attachments before submitting your grant application.

It is also best if you can get a professional with specific expertise on Canadian government grants. There are lots of online services available today that will help you to find government grants and loans. You can start with the Small Business Finance Centre of Canada. This is an independent research institution that can provide professional services and advice for you on how to secure Canadian government grants. Your search for government grants will be much easier if there is a professional agency that will help you.

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Do you need help in submitting grant application to secure a Canadian government grant? Visit our website today and our professional staff can help you in submitting grant application to the appropriate Canadian government agency.

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