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:

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Corporations, sole proprietorships, partnerships and co-operatives in Canada with gross revenue under $10 million

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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