What is Canada Small Business Financing Program (CSBFP)?

75% Government Guarantee

This significantly reduces the lender’s risk and makes it easier for small business owners—especially startups or those without strong collateral—to get approved for financing. In practical terms, this guarantee helps you access funding you may not qualify for through traditional loans, allowing you to invest in equipment, renovation, or business expansion with much more confidence.

15 years of Loan Term

The CSBFL program offers a loan term of up to 15 years, which helps spread the repayment over a longer period and keeps the monthly payments very low and manageable for small business owners.

New Business Qualified

​For new businesses, there are usually very few financing options, especially without long credit history or strong collateral.

Loan amount up to 1.15M

Under the Canada Small Business Financing Loan (CSBFL) program, businesses can borrow up to $1.15 million in total. This includes up to $1 million for equipment, renovations, or buying/expanding a commercial space, and up to $150,000 for working capital or day-to-day operating needs.

Line of Credit Option

In addition to the main loan, the program also offers a line of credit of up to $150,000, giving businesses extra flexibility to cover short-term expenses and manage cash flow more easily. This makes the program a strong financing option for both new and growing small businesses.

Prime rate + 3%

The interest rate is prime + 3%, which is reasonable compared to typical commercial loans, and with the 75% government guarantee, lenders are more willing to approve loans that might not qualify under traditional financing.