Canada Small Business Financing Act, Annual Report 2012-13
Small Business, Tourism and Marketplace Services
The Canada Small Business Financing Act aims to increase the availability of financing to small businesses by extending financing that would not otherwise be available to them. Financial institutions can make term loans of up to $500,000 to small businesses to purchase or improve real property or equipment or make leasehold improvements. The Government of Canada pays lenders 85 percent of the eligible losses incurred on defaulted loans.
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Catalogue number: Iu185-1/2013E-PDF
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