Canada Small Business Financing Program

(CSBFA)

Overview

Canada Small Business Financing Program

Eligibility The business’ estimated gross revenues must not

exceed $5million during the fiscal year of application For new businesses the estimated gross revenue during

the first year should not exceed $5million

Loan Purpose Finance up to 90% of equipment, leasehold

improvements, real property purchases and real property improvements

Canada Small Business Financing Program

Maximum Loan Maximum amount available is $500,000, with a cap of

$350,000 for equipment and leasehold improvements

Security The security is the asset(s) to be financed Personal Guarantees are required to a maximum of 25%

of the loan amount

Cost Interest rate on loans may be either fixed or variable 2% registration fee payable to the Federal Government

Canada Small Business Financing Program

Flexible Repayment Terms & Amortization Maximum term & amortization up to 10 years For real property purchases, maximum amortization up

to 20 years

Full Program Details To learn more about the CSBFA program go to either the

Resource Centre for business or Business Net