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.
| Characteristics | |
|---|---|
| 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) |
