Canada Small Business Financing Program (CSBFP) - New Brunswick
Government-backed loans up to $1.15M for NB small businesses through participating banks and credit unions.
About this program
The Canada Small Business Financing Program (CSBFP) makes it easier for small businesses in New Brunswick to get loans from financial institutions by sharing the risk with lenders. Maximum loan: $1.15 million total per borrower, consisting of up to $1,000,000 in term loans (with no more than $500,000 for leasehold improvements/equipment, of which up to $150,000 can be used for intangible assets/working capital), and up to $150,000 in lines of credit. The federal government guarantees up to 85% of the loan value. Available through participating banks, credit unions, and caisses populaires in New Brunswick.
Eligibility
For-profit small businesses or startups operating in Canada with gross annual revenues of $10 million or less. Farming businesses and not-for-profits are not eligible. Loans negotiated with participating financial institutions; lenders perform due diligence including credit checks.
Requirements
- For-profit small business or startup
- Gross annual revenues of $10 million or less
- Operating in Canada (including New Brunswick)