The Canada Small Business Financing Program (CSBFP) helps small businesses and start-ups secure loans from banks, credit unions, and caisses populaires by sharing the risk with lenders.
The enhanced program provides additional financing products, new class of loans, increased loan amounts and terms, improved loan conditions and decreased administrative burden.
Eligible businesses with annual revenues of $10 million or less can access up to $1.15 million in financing to purchase or improve land, buildings, and equipment, or to cover leasehold improvements, working capital, and intangible assets such as software or franchise costs.
Whether you’re expanding your operations, upgrading equipment, or improving facilities, this program can help you access the capital you need to scale confidently.
To apply, simply speak with a financial officer at your bank or credit union and discuss your business proposal. Once approved, your lender will register the loan with Innovation, Science and Economic Development Canada (ISED).
