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Summary of the Evaluation of the Canada Small Business Financing Program (CSBFP) October 2019

About the Evaluation

What the evaluation found

Program Description

Recommendations (as agreed upon by management)

  1. ISED should consider further program modifications to better meet the evolving needs of SMEs, such as increasing the maximum loan amount for leasehold and equipment expenses, introducing operating lines of credit, expanding loan classes (including intangible assets and working capital), and continuing to lessen the administrative burden for both borrowers and lenders.
  2. ISED should focus on increasing awareness and knowledge of the CSBFP among both borrowers and lenders.
  3. ISED should consider expanding the list of registered CSBFP lenders to help increase access to the program.
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