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The Canadian government has earmarked billions of dollars in loans and grants programs. This budget is allocated for small business owners, special groups, non-profits, and new entrepreneurs. So if you own a small business anywhere in Canada, then your company may be eligible for funding using Canadian government grants. However, just like any venture, applying for government grants and loans can be very challenging. Sometimes, your application can be rejected by the funding agencies. All is not lost though because there are ways how to overcome rejection so you can succeed in your future applications.

The first thing that you need to do is to accept the fact the some of your project proposals and government loans application can be rejected. This is normal especially if you are still starting to get government funds. There are thousands of other entrepreneurs, companies and non-profit organizations that are applying for Canadian government grants. So you should expect that the level of competition can be very tight. If you develop a positive mindset and you truly believe that your business plan or project proposal is beneficial to the community, then you should not lose hope because there is certainly an agency that will accept your application. The keys to your success therefore are your determination and perseverance.

Once you get a negative reply from a funding agency or institution, the most logical step that you can do is to reassess your proposal and learn from your mistakes. It would be best if you can get feedback from the agency that rejected your application. This way, you will know the weaknesses of your proposal or business plan and improve them accordingly. Rejection is not a bad thing because you can learn from it. Most agencies providing Canadian government grants and loans will give you specific comments and critical questions. Do not take these comments lightly because you can use them as basis for improving your proposals. Besides, if you show to the funding agencies that you are open-minded, then your next application could get a positive response.

Another thing that you can do when faced with rejection is to repackage and repurpose your proposals and submit them to other federal funding agencies and institutions. There are so many federal departments, provincial agencies, and government corporations that can provide official loans and Canadian government grants. Do not be content in submitting a proposal to one or two agencies only. You will have greater chances of success if you submit your business plan and proposal to several government agencies. The Canadian government does not restrict the number of proposals that you can submit to several agencies. As long as your business plan will match the specific program sponsored by an agency, then your proposal will be considered for funding.

Getting Canadian government grants and loans is not easy. However, you also have to note that getting government funding is doable. All you have to do is to persevere, learn from your mistakes and refine your business plans and proposals. You will certainly get lucrative government funding if you follow this formula.

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