Disclaimer: The following response should not be considered to be a comprehensive solution and is based solely on the information provided to us. Consequently CanadaOne and Dan O'Connell cannot warrant the effectiveness of any solutions presented in this response.
Rochelle asked:
For information on governments grants or loans on debt reduction, if there is any such thing.
Dan O'Connell answered:
Resources for grant programs dried up ten years ago due to government cutbacks.
While there aren't programs available for debt reduction another option available to
you is to consolidate your loans. Consolidation would allow you to stretch out the
terms of your loan and reducing your monthly payment.
If you have already exhausted all of your options and feel that you need another loan
you could try contacting the AOC. They provide loans to small business owners who are
unable to get funding from traditional sources, such as the bank.