| Administered by | Innovation, Science and Economic Development Canada, through participating financial institutions |
|---|---|
| Funding amount | Up to $1,150,000 in total: $1,000,000 for real property, $500,000 for equipment and leasehold improvements, $150,000 in lines of credit |
| Who qualifies | For-profit SMEs operating in Canada with gross annual revenues of $10M or less; farming and charitable enterprises excluded |
| Region | Canada |
| Official page | ised-isde.canada.ca/site/canada-small-business-financing-program/en |
How CSBFP government-guaranteed loans work
- Up to $1,000,000 for real estate. Purchase or improvement of commercial real property, manufacturing buildings and land, with amortization up to 15 years.
- Up to $500,000 for equipment. Commercial machinery, heavy vehicles, medical equipment and software technology, with 85 % to 90 % financing ratios.
- Up to $150,000 in operating credit. Revolving lines of credit for payroll, inventory, suppliers and day-to-day cash flow.
What to know
The CSBFP is delivered by participating financial institutions, which make the credit decision. The government shares the risk with the lender; it does not lend directly. A 2 % registration fee applies and can be financed.
How we can help
We help prepare a coherent file for the lender, place the loan among the other public funding sources, and coordinate accounting work with partner firms where needed. Credit decisions rest with the financial institutions.
Frequently asked questions
What is the maximum total loan amount under the CSBFP?
Up to $1,150,000 in total, including up to $1,000,000 for real property, up to $500,000 for equipment and up to $150,000 for working capital.
What are the interest rates?
For term loans, the maximum is the financial institution prime rate plus 3.00 %. For lines of credit, the maximum is prime plus 5.00 %.
What businesses are eligible?
For-profit small and medium enterprises operating in Canada with estimated annual gross revenues of $10 million or less. Farming and charitable enterprises are excluded.
Official sources
- Innovation, Science and Economic Development Canada — Canada Small Business Financing Program — loan limits, maximum rates and eligibility
Canadian Funding Partners Inc. is an independent advisory firm and does not administer this program. Rates, ceilings and eligibility are set by the administering authority and change. Confirm current terms with the official source before relying on them.