For many small businesses, traditional financing is tough to secure — especially without large collateral or a long operating history.
The Canada Small Business Financing Program (CSBFP) is designed to change that.
By sharing the risk with lenders, the federal government makes it easier for small businesses to obtain loans for expansion, equipment, property, and operational improvements.
What businesses can access:
• Up to $1,000,000 in financing
• Up to $500,000 for equipment or leasehold improvements
• Up to $150,000 for working capital & intangible assets
• Up to 90% of eligible costs can be financed
• Long amortization periods depending on asset type.
Who’s eligible:
Businesses in Canada with $10M or less in annual revenue that provide goods or services to the public. (Excludes farming operations, per program rules).
What it can support:
• Buying or improving commercial space
• Purchasing new or used equipment
• Renovations or leasehold improvements
• Certain intangible assets & working capital needs.
How to apply:
This is not a direct government application. You apply through your bank or credit union that participates in the program.
For small businesses looking to expand, modernize, or invest in growth but are struggling to secure traditional financing — CSBFP can open doors that might otherwise stay closed.