Canada Economic Development (EDC) Provides Financing
The company was funded by a loan from Canada Economic Development to add four employees to its team of nine. The company is the smallest of three firms in Gatineau, Quebec, who received a sum of money recently.
The company business Provance Technology, which currently employs over 40 people, also received a $ 100,000 loan from the government. CML Technologies, which manufactures communications systems for emergency ambulance and police services, has hired 30 additional staff thanks to a loan of $ 600,000. Companies must begin to repay the loan within two years.
If you want to run a sales office or a factory in another province, you may be able to have access to huge sources of funding. To ensure the smooth functioning of companies, many regions offer attractive loans and scholarships. Explore the opportunity that best suits the needs of your company and you may realize that you expand or relocate could be paid. Even if the DAC is concentrated in Quebec, other federal agencies offer similar loans elsewhere in Canada. In western Canada, see the Western Economic Diversification. For southern Ontario, Industry Canada is, as regards the rest of the province should be consulted Federal Economic Initiative for Northern Ontario. In the Maritimes, the Atlantic Canada Opportunities Agency is a key resource for companies seeking a government loan.