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With a detailed business plan on your hands you have better chances of getting approved for multiple sources of financing. These include secured and unsecured loans by banks and other private providers, business credit cards, and government-sponsored loans. Funding under the Canada Small Business Financing Program is a good way to take advantage of lower than average rates. Financing is offered to applicants who need cash to cover registration fees, leasehold improvements, whether existing or new, as well as used and new machinery and equipment, and buildings, facilities, and land. A loan by a bank, credit union, or finance company is also an option, but the rate can be higher, especially for unsecured loans. Credit unions usually offer very good rates, and this is an option worth exploring if you are a union member. Check different business credit cards as well as business lines of credit as this can be a source of additional funds for your project.