Available Financing
Canada Small Business Financing Program loans are available for:
- Up to $500,000 for leasehold improvements and or equipment financing
- Up to $150,000 for intangible assets and working capital costs within the $500,000 leasehold and equipment limit
- Up to $1,000,000 for real property purchase or improvements
Eligibility
You're eligible for a small business loan if:
- You are an existing small business or start-up (Not for Profit, charitable, and religious organizations included)
- Your business is located in Canada
- Your gross or projected annual revenue is $10 million or less
- You are not in the farming business
Eligible Purchases
You can make the following purchases with your loan proceeds:
- Leasehold improvements
- Equipment (including vehicles for business purposes)
- Real property (including real property improvements)
- Intangible assets
- Working capital
Fees
The following fees will apply to your loan(s):
- For term loans, you'll be charged a 2% registration fee by the Government of Canada on your loan total
- For lines of credit, you'll be charged a 2% registration fee by the Government of Canada on the total authorized amount
- You may also be charged a bank or credit union administration fee
Repayment Terms
You can repay your loan within 15 years.