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 ($350,000 for equipment and leasehold improvements) to small businesses in Canada.
Call our 24/7 Business Helpline1-800-769-2520
85% of the loan is guaranteed by the Federal government.
Purchases made within the past six months are eligible for financing.
Business Loan Insurance Plan is available (certain conditions may apply)
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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