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.
Written and reviewed by
Chase Miller, Chief Business Development Officer and Co-Founder
Chase Miller is Chief Business Development Officer and Co-Founder of Impact Applications, a Calgary grant consultancy that works with businesses across Canada on federal and provincial grants, tax credits and interest-free loans, and manages the whole process from first assessment through claims and reporting. He runs the first assessment on client engagements, deciding which programs a business should pursue and in what order, and has worked on Canadian government funding since co-founding the firm in 2023. LinkedIn
Program facts checked against the official source:
- average funding secured per client
- $334,132 average funding secured per client
- approval rate
- 94% approval rate
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