Request for the Transfer of a Loan Between Lenders

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Canada Small Business Financing Act

Request for the Transfer of a Loan Between Lenders

This form is to be used to transfer loans made under the Canada Small Business Financing Act (CSBFA). It is recommended that the Transferee (acquiring) lender records the transfer with Industry Canada before committing any funds to pay out the Transferor (original) lender.

Borrower
Name and address of legal entity (print)

line

line

line

Loan
registration number

line

Date loan made
Year
Month
Day

line|line|line

Original amount of the loan registered with the Minister

$line

Outstanding balance at date of request to transfer

$line

Name of borrower (sole proprietor or partnership) or responsible officer of the company (corporation) (print)
Telephone number

line

The borrower hereby acknowledges that a request to transfer the loan to the Transferee lender has been made. Documentation with respect to the loan may be released to the Transferee lender and / or Industry Canada.
Signature
Year
Month
Day

line|line|line

Transferor (Original Lender)
Lender's name and address (print)

line

line

line

CPA transit number (8 numbers)

line

Name and title of the authorized representative of Transferor lender (print)
Fax
number

line

Telephone number

line

The Transferor lender acknowledges the request to transfer the loan. Upon approval by the Minister, the original amount of the loan will be deducted from the Transferor's portfolio of registered loans.
Signature
Year
Month
Day

line|line|line

Transferee (Acquiring Lender)
Lender's name and address (print)

line

line

line

line

CPA transit number (8 numbers)

line

Transferee lender loan number

line

Name and title of the authorized representative of Transferee lender (print)
Fax
number

line

Telephone number

line

The Transferee lender consents to the payment of the 1.25% administration fee.
Signature
Year
Month
Day

line|line|line

Notes:

  1. Upon approval by the Minister, the original amount of the loan will be added to the Transferee's portfolio.
  2. It is the responsibility of the Transferee lender to satisfy itself that the loan meets all of the provisions of the Act and Regulations.
Acknowledgment by the Minister of Industry Canada
The Minister acknowledges that the requirements of section 29 of the Canada Small Business Financing Regulations have been met and the Minister deems the transfer to have taken place as of the date indicated below.

Approved on behalf of the Minister

Name and title (print)

line

Signature
Year
Month
Day

line|line|line

Note:
The Minister is not liable to pay any loss with respect to the loan being transferred if the lenders have not complied with the provisions stipulated in the Act and Regulations.

Forward To:

Industry Canada
Canada Small Business Financing Program
235 Queen Street
Ottawa
Ontario K1A 0H5
Fax: (613) 952-0290
Internet site: http://ic.gc.ca/csbfp