Industry Canada
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Grow your business with the Canada Small Business Financing Program
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If you are a Business Support Organization, contact us to see how we can help you support your businesses!
Since 1961, the Canada Small Business Financing Program (CSBFP) seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. It does this by encouraging financial institutions to make their financing available to small businesses. By sharing the risk with your financial institution, the program may help you secure up to $500,000.
What can loans be used for under this program?
The loans can cover 90% of the costs to:
- purchase or improve land or property
- purchase leasehold improvements or improve leased property
- purchase new equipment or improve used equipment
Who is eligible?
Eligible small businesses must be operating for profit in Canada and have annual gross revenues lower than $5 Million.
How do I apply for a loan?
A small business must apply directly to a participating financial institution (for example, bank, credit union). The institution is fully accountable for approval of the loan.
To learn more about the program
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