Canada Small Business Financing Program

Description

The Canada Small Business Financing Program is a loan program in collaboration with financial institutions. 

Loans can be used to finance the cost of:

  • purchasing or improving land and buildings used for commercial purposes
  • purchasing new or existing renovations to premises occupied by the business as a tenant
  • purchasing or improving new or used equipment (including commercial vehicles)
Up to a maximum of $1,000,000 for any one borrower is available, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment.

Special Requirements

Most start-ups and existing for-profit small businesses in Canada with gross revenues of $10 million or less are eligible to apply for loans under this program. Such businesses can be corporations, sole proprietors, partnerships or cooperatives.

Farming businesses are not eligible under this program.

Last updated: January 30, 2017