Canada Small Business Financing Program (CSBFP)
Federally-guaranteed loans up to $1.15M through participating financial institutions for Quebec small businesses.
About this program
The CSBFP is a federal initiative that helps small businesses start up, expand, and modernize through partnerships with private sector lenders. The government guarantees up to 85% of the lender's losses if the loan defaults, significantly increasing approval chances. Maximum loan: $1.15M (with real estate component), $500K for equipment and leasehold improvements, $150K for intangible assets and working capital, and $150K for lines of credit. Real estate loans extend up to 15 years with 25-year amortization. Includes retroactive financing for purchases made within 365 days prior to approval.
Eligibility
For-profit small businesses operating in Canada with Canadian place of business and assets, gross annual revenues of $10 million or less, offering goods or services to the public. Sole proprietorships, partnerships, corporations all eligible. Excludes farming and not-for-profit.
Requirements
- Operate for-profit business in Canada with Canadian assets
- Gross annual revenues $10M or less
- Offer goods or services to the public