Problems Faced by Small Businesses in Canada in Financial Assistance

This study explores the challenges faced by small businesses in Canada while obtaining financial assistance from Canadian banks. The research revealed that while the small businesses consider obtaining equity finances from the Canadian banks they are concerned regarding challenges regarding the time and effort needed to find the right investor for the business. The investors also tend to impose some ownerships or controlling interest on the small businesses along with taking part in the business decisions. This can turn out to be a concern for these Canadian small scale companies. Based on the study findings recommendations are offered to the small businesses of Canada regarding development of business angel network that can bring the potential investors along with the small businesses together with additional benefits.