Canada Small Business Financing Program

If you own a business with $5 million or less in annual revenue, including start-ups, you may wish to familiarize yourself with Industry Canada’s Small Business Financing Program. Apply through your financial institution (chartered bank, credit union or caisse populaire) by providing your business plan, and you may be eligible to obtain up to $500,000 in financing for the purchase of equipment or vehicles, renovating your business location, or purchasing a commercial property. You are not allowed to use the funds for working capital, inventory, labour or advertising expenses.

The Government of Canada offers this program to support small businesses that may otherwise not be able to obtain the money they need to get started or to expand. The Government is guaranteeing the loan so the financing institution is able to extend credit to businesses they may otherwise not be willing to provide loans to.

Learn more about the Canada Small Business Financing Program.