Most start-ups and existing for-profit 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.
The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders. Over the past 10 years, small businesses have received over $9.4 billion in asset-based financing representing over 76,000 loans made.
Looking for a small business loan in Canada? With Lendified, you can apply online in minutes, get a free quote instantly, and receive your loan in as fast as 48 hours. We have a much higher approval rate than the banks and offer better rates than other financing options. Get your free quote now!
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