Canada Small Business Financing Program
Government of Canada, Innovation, Science and Economic Development Canada
Overview
Help for small businesses to get financing from financial institutions by sharing the risk with lenders.
At a glance
| Categories | loan |
|---|---|
| Status | Accepting applications |
| Region | ALL |
| Sectors | general |
Eligibility and requirements
Money Maximum term loan of $1 million for purchase and improvement of real property Of the $1 million, a maximum of $500,000 for equipment and leasehold improvements, which includes a maximum of $150,000 for intangible assets and working capital costs Maximum $150,000 line of credit for working capital costs Registration Fee: 2% of the loan (can be rolled into the loan if within maximums permitted) Repayable Maximum term loan floating rate: lender’s prime lending rate + 3% Maximum term loan fixed rate: lender’s single family residential mortgage rate+ 3% Maximum for lines of credit: lender’s prime lending rate + 5%
How it works
Find a lender near you by using the interactive map on the program web page. Book an appointment to talk about the Canada Small Business Financing Program. Present your business plan. Your financial institution will decide if you get the loan, the terms of your repayment (including early repayment penalties), when you get the money, and if there will be any additional fees.
How Mona Studio helps business owners use this program
Canada Small Business Financing Program is one of many Canadian funding options listed in our grant finder. Mona Studio helps general teams translate program requirements into a practical workflow or AI adoption scope for leadership review, grant writers, and lenders. We summarize eligibility and funding here for discovery — confirm all details on the official program website before applying.
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