Evan Carmichael Top Header about About About facebook Twitter YouTube Google+

When Is The Best Time Of Year To Apply For Government Grants and Loans?



Free PDF Download
Getting Business Grants in Canada - Two Key Things to Know - By Sharon Monahan

Name: Email:


The government fiscal year runs from April 1st to March 31st. This means that all departments and agencies get nervous as it keeps getting close to fiscal year end and are concerned about not spending all of their money.

I am sure you have heard the term "Use it or Lose it." In government, the use it or lose it mentality is alive and well. Each department is allotted so much money each year for their programs. If bureaucrats don't spend all of the money they were allotted there is a real possibility they will get their budgets cut for the coming year. That is the last thing bureaucrats want to happen and that means opportunity for you.

As it gets later in the year,departments get nervous about not spending all of their program dollars. January to March is an excellent time to apply for funding as they would rather approve your proposal than let the money "slip" resulting in a reduced budget for the coming year. They would rather use it than lose it.

If your application for funding arrives from January to March, in many instances it may stand a better chance of getting approved than it would at other times of the year. Officials tend to be more lenient in their assessments and approve things that might not get approved earlier in the year. Even if you are not approved initially, you have your application in early enough to be considered for the next round of approvals after April 1st.

This is an excellent time to apply for a government grant or loan so if you have been putting it off, now is the time to get started.


Related Articles

  Small Business Loans with Bad Credit
  Small Business Grants and Loans
  The Recession and Canadian Government Grants For Business
  Government Small Business Loans
  10 Ways To Fund Your Business
  Small Business Grants -- Fact or Fiction
  3 Bitter Truths You Must Know When Applying for Business grants for women
  Finding Information on Small Business Loans
  Get the Small Business Start Up Help that You Need
  Indirectly Accessing Government Grants
  8 Ways to Better your Chance of Getting Business grants for women
  Bad Credit Student Loans
  Government Business Grants in Canada. Are They a Myth?
  Grants For Business Owners – Do they exist?
  Are There Government Grants and Loans For Canadian Businesses?
  Simple Steps To Finding Small Business Grants
  The Small Business Grant Misnomer
  Don’t Fail to Investigate Canada Government Grants and Loans – The Small Business Loan Program Works!
  3 Key Points Startups Need to Know about Government Financing
  Loans and overdrafts

Home > Small-Business-Loans > Sharon Monahan > When Is The Best Time Of Year To Apply For Government Grants and Loans >

Free PDF Download
Getting Business Grants in Canada - Two Key Things to Know - By Sharon Monahan

Name: Email:

About the Author: Sharon Monahan

RSS for Sharon's articles - Visit Sharon's website
Sharon is president of The Business Guide Incorporated. She spent fourteen years with the federal government before leaving to start "The Business Guide To Government Programs." Her articles have appeared on CANADAONE, Business in Vancouver's Money Guide and newspapers from St. John's to the Yukon.
Click here to visit Sharon's website.
Dashed Line

More from Sharon Monahan
Can You Use Crowd Sourcing to Help Get Government Funding
Accessing Government Funding in Canada
When Is The Best Time Of Year To Apply For Government Grants and Loans
Accessing Government Funding The Criteria
Can I Feel Safe Sharing My Business Plan When Applying For Funding

Related Forum Posts

Re: Can someone explain Search engine optimization to me? Re: Can someone explain Search engine optimization to me?
Re: Government Grants; sources and experiences Re: Government Grants; sources and experiences
New Small Business Topic New Small Business Topic
Research & Development Tax Credits Research & Development Tax Credits
How to valuate a business How to valuate a business

Share this article. Fund someone's dream.

Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Share for a Cause
Featured Expert



Worksheets
By: Evan Carmichael

Do you have what it takes to be an entrepreneur?

8 Powerful Steps to Finding Your Passion

Does your pitch suck?

Create a plan of attach to launch your new business.

8-Cover

Like this page? PLEASE +1 it! Evan Signature
Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Resistance to Change and How to Deal With It

Google Came From Thin Air? The History of Google

Starting a Business a Brave Move or a NoBrainer

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.