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Get business loans up to $1,000,000 and credit lines up to $150,00. These business loans are for Canada small business owners and start up businesses in Canada.

The Canada Small Business Financing Program (CSBFP) makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.

Over the past 10 years, small businesses have received over 53,000 CSBFP loans totalling $10 billion dollars.

Small businesses or start-ups operating in Canada, with gross annual revenues of $10 million or less.

Not eligible under this program: farming businesses (for a similar program for the farming industry, visit the Canadian Agricultural Loans Act Program).

The maximum loan amount for a borrower is $1.15 million.

Up to a maximum of $1,000,000 for term loans for any one borrower, of which no more than $500,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment and of that amount, a maximum of $150,000 could be used for intangible assets and working capital costs.
Up to a maximum of $150,000 for lines of credit.

#canada #smallbusiness #smallbusinessowners #

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