The most accessible and unconditional source of funds for your new venture is your own accumulated wealth. There's a major risk involved, in raising money from friends and relatives. As their name implies, angels appear from the most unlikely places and at the most unlikely times to help you start your new business. But they don't usually appear unless you spend some time looking for them.
Angels are often entrepreneurs themselves.
They know how it feels to search high and wide for money. Banks will provide financing to qualified customers, usually in the form of a loan, which is generally secured by a fixed asset such as real estate or equipment. If your business has no fixed assets, the bank will ask you to use your personal assets as security. The federal government administers a bank whose mandate specifically focuses on small Canadian companies. All you need to do is get down to business and build your company, sharing the eventual profits with your investors.