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Contents

  • Introduction
  • Section A: Making a CSBF Loan
    1. Business Eligibility
      • 1.1 Definition of Small Business
      • 1.2 Ineligible Small Business
      • 1.3 Eligible Small Business
    2. Maximum Loan Amount
    3. Borrower, Independent Small Business and Related Borrower
      • 3.1 Borrower
      • 3.2 Independent Small Business and Related Borrower
    4. Loan Classes
      • 4.1 Real Property or Immovables
      • 4.2 Leasehold Improvement
      • 4.3 Equipment
      • 4.4 Registration Fee
      • 4.5 Examples of Eligible and Ineligible Items for a CSBF Loan
    5. Eligible Amount of the Loan
      • 5.1 Eligible Expenditures
      • 5.2 Ineligible Expenditures
      • 5.3 Proof of Purchase and Proof of Payment
      • 5.4 Appraisal
    6. Terms of Loan, Rate of Interest and Other Fees and Charges
      • 6.1 Repayment Terms
      • 6.2 Rate of Interest
      • 6.3 Other Fees and Charges
    7. Security
      • 7.1 Primary Security
      • 7.2 Additional Security
      • 7.3 Guarantees or Suretyships
    8. Due Diligence
    9. Checklist
  • Section B: Registration, Administration and Reporting
    1. CSBF Loan Registration
      • 1.1 Late Registration
      • 1.2 Modification of Loan Classes and Amounts
    2. Registration and Administration Fee: Payment and Refund
      • 2.1 Registration Fee
      • 2.2 Administration Fee
      • 2.3 Refund of Registration and/or Administration Fee
    3. Renewal and Amendment of Terms:
    4. Conversion of Fixed and Floating Interest Rates
    5. Prepayment
    6. Substitution and Release of Security
      • 6.1 Substitution
      • 6.2 Release Without Substitution or Replacement
      • 6.3 Postponement
    7. Change of Name of the Borrower
    8. Transfer of Loans Between Borrowers
    9. Transfer of Loans Between Lenders
      • 9.1 Transfer of Individual Loans
      • 9.2 Bulk Transfer of Loans
    10. Amalgamation of Lenders
    11. Discontinuance of lending business
    12. Reporting
      • 12.1 Administration Fee Payment and Report
      • 12.2 Outstanding Loan Amounts Report
    13. Audit or Examination
    14. Minister's Liability
    15. Offences and Punishment
  • Section C: Realization and Claim Submission
    1. Default, Notice of Default and Demand for Repayment
      • 1.1 Default and Required Procedure
      • 1.2 Time Limitation for Claim Submission
    2. Realization
      • 2.1 Other Assets of the Business
      • 2.2 Guarantees or Suretyships (personal or corporate)
      • 2.3 Liability of Sole Proprietors and Partners
      • 2.4 Compromise Settlements
    3. Sharing of Realization Proceeds and Costs
    4. Non-compliance Remedies
      • 4.1 Inadvertent Errors
      • 4.2 Uncorrectable Non-Compliances
    5. Submitting a Claim for Loss
      • 5.1 Regular Claim for Loss
      • 5.2 Interim Claim for Loss
      • 5.3 Incremental Claim for Loss
      • 5.4 Appeal
      • 5.5 Missing Information and Documentation
    6. Establishing the Amount of the Claim for Loss
      • 6.1 Calculating the loan loss
      • 6.2 Determining the Eligible Loan Amount for Claims
      • 6.3 Factors Affecting the Amount Payable
    7. Documenting Claim for Loss Submissions
    8. Subrogation and Post-claim Receipts of Proceeds
  • Section D: Annex, Forms and Glossary
  • Excerpt from the Income Tax Act
  • Example of Minister's Liability Calculation
  • Glossary