All branches will be closed Saturday, May 18 and Monday, May 20, in observance of Victoria Day.
Member Contact Centre will be open May 20 from 9AM to 5PM.
Business Loans
Canadian Small Business Finance Loan
A good start is important
This is a collaboration between the Federal Government and financial institutions to help small businesses get off the ground or support established small businesses looking to grow and expand.
Use this loan for:
Purchasing land or buildings used for commercial purposes
Purchasing new or used equipment
Financial costs of new or existing leasehold improvements, including renovations to a leased property by a tenant
The registration fee for the loan
Items such as goodwill, working capital, inventories, franchise fees, or assets that a holding company acquires aren’t eligible for financing
Loan details:
2% registration fee, which can be financed as part of the loan
Normal lending fees will apply
You can get a maximum loan of $1 million under the Canadian Small Business Financing Program (CSBFP). No more than $350,000 of that can be used to finance equipment purchases or improvements, or purchase leasehold improvements.
Who qualifies:
Corporations, sole proprietorships, partnerships and co-operatives in Canada with gross revenue under $10 million
Charitable and religious organizations aren’t eligible under this program
Thinking about applying for a business loan?
Our business advisors are happy to help you find the one that best fits your needs.
Are you an agricultural producer?
There’s a loan program designed just for you