Canada Small Business Financing Program.

We are knowledgeable, capable business consultants with the necessary experience and understanding to assist you in all parts of your business. We’ll give you a full study of your business model, a financial analysis with precise estimates, supporting research and documentation, and a business plan that will portray your company in the best light possible.

Our company is run by a highly skilled team of professionals, many of whom have previously worked in the lending and banking environment. Our hands-on experience in these institutions allows us to navigate the system on your behalf and leverage our considerable knowledge base to support your business needs. We are capable professionals with extensive experience in arranging more than 2,000 Canadian Small Business Financing Loans (SBLs), HASCAP and BELF. Our advisors are qualified and capable professionals who have the necessary experience and expertise to support your business and its financial needs.

Banking institutions may provide basic services to your company, but they lack the skills and creativity needed to undertake a complete and comprehensive examination. We provide consistent and reliable services despite the frequent turnover of individuals inside the bank and the regular realignment and changing of processes. We examine every area of your business model to ensure that we can create an application that portrays your company in the best light to a potential lender. This enhances your chances of getting approved and helps you to get the most money.

Most start-ups and existing small businesses in Canada with gross revenues of $10 million or less are eligible to apply for loans under this program. Such businesses can be corporations, sole proprietors, partnerships or cooperatives.

Farming businesses are not eligible under this program. The Canadian Agricultural Loans Act program, administered by Agriculture and Agri-Food Canada, is designed to increase the availability of loans for the purpose of farming.

Loans can finance the cost of:

• the purchase or improvement of land or buildings used for commercial purposes
• the purchase or improvement of new or used equipment
• the purchase of new or existing leasehold improvements (i.e. renovations to a leased property by a tenant)
• the registration fee

The purchase of eligible assets of an existing business may qualify for financing under the CSBFP. You may finance the lesser of the cost of purchase and the appraised value of the eligible assets. Please contact your financial institution before committing to appraisal expenses to ensure all other requirements are met.

You cannot use a loan to finance items such as goodwill, working capital, inventories, franchise fees, or assets that a holding company acquires.

This list is not exhaustive. When in doubt, speak with your financial institution.

It is up to the borrower and lender to negotiate an appropriate amount of financing. The maximum loan amount a borrower can access under this program is $1 million, of which no more than $350,000 can be used to finance the purchase or improvement of equipment and the purchase of leasehold improvements.

Registration fee:
The CSBFP registration fee is 2% of the total amount of the loan. The registration fee can be financed as part of the loan.

Interest rate:
The interest rate may be variable or fixed. For a variable rate, the maximum chargeable is the lender’s prime lending rate plus 3%. For a fixed rate, the maximum chargeable is the lenders’ single family residential mortgage rate plus 3%.

Lender fees:
Lenders may charge the same fees (e.g. set-up and renewal fees), that they charge for a conventional loan of the same amount. These fees are paid directly to the lender and cannot be financed under this program.