SMALL BUSINESS FINANCING PROGRAM
The Canada Small Business Financing Program (CSBFP)facilitates access to affordable asset-based financing to small and medium-sized businesses by sharing the risk with the lenders. This federal government program provides access to loan financing of up to $500,000 for the establishment, expansion and improvement of small businesses. Financing is available up to $350,000 for leasehold improvements, equipment, and up to $500,000 for real property.
The CSBFP is delivered in all provinces and territories through a network of financial institutions institutions including chartered banks, credit unions and caisses populaires. In order to obtain a loan, business owners must present their business plan directly to a financial institution.