Canada Small Business Financing Program (CSBFP)Up to $1.15 million per borrower: up to $1 million in term loans, of which up to $500,000 may be used for equipment or leasehold improvements, plus up to $150,000 as a line of credit
The Canada Small Business Financing Program makes it easier for small businesses to obtain loans from financial institutions by sharing the lender's risk with the government.
- average funding secured per client
- $334,132
- approval rate
- 94%
About this program
The Canada Small Business Financing Program makes it easier for small businesses to obtain loans from financial institutions by sharing the lender's risk with the government. It is a loan, fully repayable to the lender. Recent enhancements added new classes of loans, larger amounts, longer terms and a line-of-credit option, now offered by most financial institutions.
Who is eligible
For-profit businesses operating in Canada with annual gross revenues of $10 million or less. Farming operations are not eligible. The loan is made by a participating financial institution, not by the government, and the government shares the lender's risk.
Verified against the official source
A person checked this program against the administering body's own page on that date. Programs change between checks, so confirm eligibility, amounts and deadlines before you apply. How dates like this are earned: our verification methodology.
Official program page