Financing Opportunities
For your business
Support your business and increase your chances of success.
Almost all businesses require some form of financing. Regardless of what stage you are in – whether you’re just getting started or are a seasoned business owner – with a good business plan and experience as well as personal or business equity and collateral, there are resources available that may be able to help with financing your business.
Create a business plan
A well-written business plan is essential when seeking financing. It should include your business goals, marketing strategy, financial projections, and any other relevant information that will convince lenders or investors that your business is worth financing.
Crowdfunding
Crowdfunding is a way to raise money from a large number of people through online platforms such as Kickstarter or Indiegogo. You can offer rewards or equity in your company in exchange for contributions. This option is ideal for businesses with a strong social media presence and a compelling story.
Explore alternative financing
Alternative financing, such as factoring transactions, leasing equipment, vendor financing, and credit cards, can all act as great resources to kick-start a business - as long as you use them wisely. The more you know about possible alternative sources of financing, the better positioned you will be to find the resources you need to be successful.
Consider traditional financing
Banks and other financial institutions are a common source of financing for businesses. They offer various financing options, such as business loans, lines of credit, and credit cards. Make sure you have a strong credit history and a solid business plan to increase your chances of being approved for financing.
Financing Opportunities
At the Chamber of Commerce, we hear a lot from current and potential businesses about financing needs and start-up costs. There are tradition methods of financing such as:
Community Futures Programs
At Community Futures our mandate is to help entrepreneurs succeed in business. We offer a variety of programs and training to support you on your path to reaching your goals.
Canada Small Business Financing
The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.
The Business Development Bank of Canada (BDC)
Business loans Financing for entrepreneurs: Discover BDC's solutions to help you make your projects a reality. BDC commercial loans are geared to businesses that have been in operation for at least 12 months. For businesses younger than 12 months, BDC's partners can help you get off the ground.
Resources for Starting a Business
Entrepreneurship is one of the keys to job creation in Saskatchewan. Entrepreneurs, working alone or in co-operatives, create the small businesses that provide most of the jobs in the province.
SK Startup Institute
SK Startup Institute is your first step as an entrepreneur looking to get a head start with access to expert guidance and critical research data. From expert advising to exclusive research reports and everything in between.
Innovation Saskatchewan
Innovation Saskatchewan is the central agency of the Government of Saskatchewan with responsibility for implementing Saskatchewan’s research and development priorities, and growing the technology sector.
Women Entrepreneurs in Saskatchewan
WESK is here to help guide you as you map out your journey. From business advising, funding, training, networking, and resources for starting and growing a business in Saskatchewan, WESK is here to provide you with the tools you need to succeed.
Government of Canada Resources
Funding, training and business support programs that foster economic development in Saskatchewan.