Canada Small Business Financing Program
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)
It is up to the borrower and lender to negotiate an appropriate amount of financing. The maximum loan amount a borrower can access under this program is $1 million, of which no more than $350,000 can be used to finance the purchase or improvement of equipment and the purchase of leasehold improvements.
Who is eligible?
Small businesses or start-ups operating for profit in Canada, with gross annual revenues of $10 million or less.
Not eligible under this program are farming businesses (Agriculture and Agri-Food Canada has a similar program for the farming industry — for information, visit www.agr.gc.ca), not-for-profit organizations, or charitable and religious organizations.
For more information, visit the business eligibility section.
Last updated: May 18, 2018