loan-sharing program between the federal government and private sector lenders across Canada that facilitates access to affordable asset-based financing to small and medium-sized businesses with gross annual revenues of $10 million or less.
Here is an article on Canada’s Small Business Financing Loan Program – CSBFP.
CSBFP’s objectives are to help businesses start and establish firms to make improvements and expand, to advance access to loans up to $1 million that would not otherwise be available to small businesses, and to stimulate economic growth and create jobs in Canada.
While financial institutions deliver the CSBFP and are solely responsible for approving loans. The program has assisted about 150 000 businesses since 1999, with loans totalling about $1 billion each year. If you want a robust business finance program, consider researching the Canada Small Business Financing Loan Program – CSBFP.
Contact or visit the CSBFP website for additional information.
Loans and Financing Types for Canadian Small and Medium-sized Businesses (SMBs):
Type
- Loans and Financing (National)
Details
- Equipment purchase/ capacity expansion
- Land/equipment purchase
- Other
Industries
- Open
Entities
- Incorporated company
- Limited Liability Partnership (LLP)
- Registered Business
- Sole proprietorship
Industry Canada – IC
C.D. Howe Building
235 Queen Street
Ottawa, Ontario
K1A 0H5
- Tel: 613-954-5031
- Tel; 1-800-266-7531
Website: Canada Small Business Financing Loan Program – CSBFP