Eligibility – Transcript

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Text on screen: Canada Small Business Financing Program, helping your business start or grow.

(As host speaks, a sequence of illustrations appears: a store front, a stick figure with a brief case, a document with a blue check mark, a building representing a bank and a small store front. All the elements are then re-grouped together in a circle.)

The Canada Small Business Financing Program makes it easier for small businesses to obtain loans from financial institutions because the government shares the risk with the lenders.

Text on screen and voice-over: Am I eligible?

(An animation of a store front appears and the store grows into a larger building.)

Text appears on screen with animation: up to $1,000,000.

If you're a for-profit small business or start-up operating in Canada and you have gross annual revenues of $10 million or less, you may be eligible.

You may qualify for loans to a maximum of $1 million to establish your start-up or to expand or improve your small business.

Text on screen and voice-over: What can I finance?

(While the host speaks, a video of a male worker taking out tools from his truck and shaking hands with a woman appears followed by a video of a man painting a ceiling.)

Text appears on screen with videos: up to $350,000.

For the purchase or improvement of equipment, including business vehicles, and for renovations to leased property by a tenant, loans are capped at $350,000.

(A video of a business woman standing in a restaurant and looking through the window appears.)

Text appears on screen with video: up to $1,000,000.

Loans of up to $1,000,000 are available for the purchase or improvement of commercial properties.

Text on screen: Green checkmark bullets with words: Equipment, Business Vehicles, Renovations, Commercial Property

However, there are some restrictions. For example, you cannot use a loan to finance, among other things, working capital, inventory, labour or advertising.

Text appears on screen while host speaks: Red 'X' bullets with words: Working Capital, Inventory, Labour, Advertising.

Text on screen and voice-over: How do I apply for a loan?

(While host speaks, an animation of a stick figure with a brief case walking towards a bank appears. The stick figure then turns around to look at an image of documents with of a blue checkmark stamp.)

To apply for a loan, you must present your business proposal directly to a chartered bank, credit union or caisse populaire.

Your financial institution is responsible for approving the loan.

(A screen shot of the Innovation, Science and Economic Development Canada financing map appears followed by an animation of a stick figure typing at a computer.)

Text on screen: ic.gc.ca/csbfp

To find a participating commercial lender near you, consult the map of financial institutions on the Innovation, Science and Economic Development Canada website at ic.gc.ca/csbfp.

(A screen shot of our 'About the Program' page appears.)

For more information about the Canada Small Business Financing Program, visit the 'About the Program' page on our website.

(An animation of a cell phone being dialled appears)

Or contact us toll-free at: 1-866-959-1699.

Text on screen:
Canada Small Business Financing Program
1-866-959-1699

The Canada Small Business Financing Program, helping your business start or grow.

Text on screen:
Canada Small Business Financing Program
Helping your business start or grow
1-866-959-1699
ic.gc.ca/csbfp

(Innovation, Science and Economic Development Canada signature and Canada Wordmark)

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