Canada Small Business Financing Program (CSBFP) - Saskatchewan
Federal government-guaranteed loans up to $1.15 million for Saskatchewan and Canadian small businesses with revenue under $10 million.
About this program
The Canada Small Business Financing Program (CSBFP) helps small businesses obtain financing from chartered banks, credit unions, and caisses populaires through federal loan guarantees. Eligible Saskatchewan businesses can borrow up to $1.15 million total: up to $1 million for real property/immovables (with up to $500,000 for leasehold improvements and equipment), and up to $150,000 in line of credit for working capital. CSBFP is offered by participating lenders across Saskatchewan with government risk-sharing reducing lender exposure. The program is administered by Innovation, Science and Economic Development Canada.
Eligibility
For-profit small businesses (including start-ups) operating in Canada with gross annual revenue of $10 million or less; farming businesses excluded (separate Canadian Agricultural Loans Act available); not-for-profits and charities excluded.
Requirements
- Gross annual revenue under $10 million
- Canadian for-profit small business
- Application through participating bank, credit union, or caisse populaire