CA
How to apply for the Canada Small Business Financing Program?
Do you need means to grow your company with loans and lines of credit? If so, read our post to learn how to apply for the Canada Small Business Financing Program!
Canada Small Business Financing Program application: Find the loan you need to grow your business!
Whether you’re a small business owner needing some extra funding to grow or just starting and not knowing where to turn, learning how to apply for the Canada Small Business Financing Program can help.
Also, CSBF is a government-run program that provides loans to businesses of all sizes across the country. This program has a partnership with financial institutions that can help you get the money you need.
Moreover, you can find lines of credit as well. Also, this program has the goal of helping small businesses find the best financial institutions to get their loans by sharing the risk with lenders.
This post will tell you everything you need to know about the Canada Small Business Financing Program and how to apply for a loan.
So, whether you’re looking for extra working capital or want to start building your credit history, read on for all the details!
Online Application Process for the Canada Small Business Financing Program
You can only apply for this program by finding a financial institution eligible to make loans under the Canada Small Business Financing Program.
This way, you can only apply through the official financial institution, not the Canada Small Business Financing Program.
Before you apply, you should know that you can basically find loans to finance the following things:
- Buying or renovating a commercial property;
- Investing in the purchase or improvement of new or preexisting machinery;
- Purchasing or improving new or preexisting modifications to the premises occupied by the business as a tenant (including commercial vehicles);
- Liquid assets and intangible assets.
However, if you want to look for your lender with your own research, you may want to go another way. Also, if you want to get money from the government itself, you’ll need to look for other programs.
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Requirements
All new and existing Canadian businesses with annual revenues of less than $10 million are eligible for loans through this program.
Companies, sole proprietorships, partnerships, and cooperatives are all viable structures for such groups.
There may be other requirements for the Canada Small Business Financing Program, depending on the financial institution you apply for.
Another recommendation: Canada Digital Adoption Program
If you are looking for other program options to help grow your business, we can help! You can apply for the Canada Digital Adoption Program.
With this option, you’ll be able to find help from professionals to improve your company management.
Moreover, you’ll find ways to increase your online sales, reduce costs, find better ways to manage your company inventory, and much more!
This way, you can even find funding for things you may need in your business. For example, you can get up to $15,000 to boost the technology you use in your business!
You can even find up to $2,4000 to grow your business online with help to grow e-commerce and online sales!
Canada Digital Adoption Program review
If you're looking to improve your business, read our Canada Digital Adoption Program review to learn how to use this program to grow!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Senior Editor
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