Small business loan

Implemented by the federal government, the Canada Small Business Financing facilitates access to bank financing for Canadian business with a total sales below $5 million.

Maximum amount $250,000 $ or 90% of the acquisition cost of the financed asset
Eligible assets Acquisition costs for land, equipment, and capital assets as well as renovations and leasehold improvements
Ineligible assets Inventory, maintenance expenses, share purchases, franchise fees, permits/licences, debt refinancing, working capital.
Amortization Up to a maximum of 10 years
Special features Registration fees of 2% of the loan levied by the government; these may be added to the financed amount, subject to the maximum amount ($250,000)