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Government-Guaranteed Loans to Support the Growth of Your Business
Small businesses looking to purchase or improve their assets for new or expanded operations could benefit from the Canada Small Business Financing Loan (CSBFL). This loan is a government-sponsored loan program that offers up to $1,000,000 Term Loan (of which $500,000 for equipment, leasehold improvements, intangible assets and working capital, of which $150,000 for intangible and working capital) to small businesses in Canada.
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Business Loan Calculator
If you’re looking to finance business growth, new equipment or more staff, our business loan calculator will help you determine the monthly payment and interest costs for various types of loans*.
Try the Business Loan CalculatorA Canada Small Business Financing Loan Is Commonly Used For:
- New businesses looking for financial support to start or grow a company
- Established businesses experiencing issues with cash flow as a result of a large investment
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Get startedKey Benefits
Loan Is Guaranteed
85% of the loan is guaranteed by the Federal government.
Previous Purchases Are Eligible
Purchases made within the past 365 days prior to the date of the loan approval are eligible for financing.
Repayment Options That Work for You
- Floating rate principal plus interest
- Floating rate principal including interest (blended payments)
- Fixed rate principal plus interest rate
- Fixed rate principal including interest (blended payments)
Terms That Meet Your Needs
- Amortization for all asset classes, including real property/immovable, equipment, leasehold improvement, intangible asset and working capital, up to 15 years
What Else Do You Need to Know?
Business Loan Insurance Plan** is available for the Canada Small Business Financing Loans (certain conditions may apply†).
Fee Details
Document preparation fee: $175
Application fee: $100
Renewal fee $0 (if stand-alone CSBFL)
Registration Fee: One-time Federal Government registration fee of 2% of the loan amount (which may be included in the amount borrowed)
A 1.25% Administration Fee is included as part of your interest rate
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The calculations and amortization schedule produced are: (i) based on the accuracy and completeness of the data you have entered, (ii) based on assumptions that are believed to be reasonable, and (iii) for estimation purposes only and should not be relied upon for specific financial or other advice. When you make your credit application, interest rates may have changed or may be different due to information contained in your application.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or calculations in connection with this business loan calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by you in reliance on any information or calculations.