Canada Small Business Financing Loan – Fuel Your Business Growth
Are you a small business owner in Canada looking for financial support to take your business to the next level? The Canada Small Business Financing Loan (CSBFL) program offers a government-backed solution to help you achieve your business goals. With up to $1,000,000 available in term loans, this program is designed to support both new and established businesses with flexible financing options.
What is the CSBFL Program?
The CSBFL program is a government-sponsored loan initiative that provides businesses with up to $1,000,000 in financing. This loan can be used for a variety of purposes, including purchasing equipment, making leasehold improvements, acquiring intangible assets, and covering working capital needs. Specifically, businesses can access up to $500,000 for equipment and leasehold improvements, and up to $150,000 for intangible assets and working capital.
Who Can Apply?
The CSBFL is available to small businesses and startups in Canada with annual gross revenues of $10 million or less. This program is ideal for businesses looking to start, expand, or overcome cash flow challenges due to significant investments. However, it is not available for farming businesses, charities, or religious enterprises.
Application Process
Applying for a CSBFL is straightforward. Bring your business plan to your local branch and speak with a representative to start the application process. A one-time 2% federal government registration fee applies, which can be included in the loan amount.
Our business advisors are here to guide you through the application process and answer any questions you may have. Don’t miss out on this opportunity to fuel your business growth with government-backed financing.
Ready to take the next step? Contact us today and start your journey towards financial support with the Canada Small Business Financing Loan.
Key Benefits
- Government Guarantee: 85% of the loan amount is guaranteed by the Federal government, reducing the financial risk for lenders and making it easier for you to secure financing.
- Previous Purchases Eligible: If you’ve made eligible purchases within the past 365 days, you can finance them retroactively.
- Flexible Repayment Options: Choose from various repayment plans, including floating or fixed rates, with terms up to 15 years. Options include principal plus interest or blended payments.
- Competitive Interest Rates: Access fixed or floating rates to suit your financial needs, with competitive terms to manage your budget effectively.
Conatct Us
Book a Consult