Canadian Small Business Loan
The Canada Small Business Financing Program (CSBFP) is a federal initiative in partnership with banks to assist small and medium-sized startups in securing initial capital. The government acts as a guarantor to boost competitiveness and support business growth. This backing makes financial institutions more willing to lend, simplifying the financing process for small businesses.
Our team offers consulting services to help business owners with project analysis, comprehensive planning, and the creation of high-quality, project-aligned business plans, ensuring a smooth process for obtaining small business loans.
01
Government guarantees 75%
- The Government guarantees 75% of the loan amount
- Reducing business risks and offering entrepreneurs greater protection
- In case of unforeseen difficulties, the lender only needs to repay 25% of the borrowed principal for a safe exit.
02
Unsecured, No Stress Test
- Government guarantees encourage financial institutions to lend to small businesses
- Making financing easier without requiring personal assets or home collateral
- No loan stress test is needed.
- A good credit history is the only requirement for applicants.
03
Up to 1M
- Start-up loans for purchasing a store (business premises) are capped at $1 million.
- Start-up loans for leasing a store are capped at $500,000 Canadian dollars.
- You may choose to borrow a lower amount depending on your circumstances.
04
Loan Interest Rate
- Concessionary loans provide a variable rate option of Prime+3%,
- Optional fixed rate also available.
- Borrowers can choose the interest rate type based on market changes or personal preference.
05
Interest Expenses Tax Deductible
- Loan interest can be considered a business expense and is deductible for tax purposes.
- Helps to reduce the taxable profit of the business.
06
Business Plan
- For unsecured loans, a quality business plan is crucial.
- Our experienced accountants will craft a customized and well-written plan for you
07
Eligibility and Requirements
- Applicants need relevant work experience and a good Canadian credit history
- Two years’ tax returns and three months’ bank statements.
- Adequate bank deposits as working capital are required.
08
Expert Planning, Fast Approval
- Free consultation, planning, and application.
- Dedicated team and one-stop service
- Year-round collaboration for a high application pass rate.
- Eligible applicants approved within weeks.
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