What you receive?
- Up to 90% of the "Eligible Costs" of financed assets may be financed.
- An amortisation of up to 20 years may be provided, with monthly payments frequency and a choice of maturities up to a maximum of 10 years.
- There are affordable fixed and adjustable interest rates available. Personal guarantee is necessary, with the minimum amount being 25% of the loan amount.
- A one-time registration charge of 2% of the loan amount to the federal government (which may be included in the amount borrowed).
Conditions for a Government loan from a CSBFL
Your company already does business in Canada or plans to do so.
Your company's yearly gross revenue in the application year was less than $10 million.
Your company is a for-profit organisation; it is not a farm, a nonprofit, or a place of worship.
You must employ the assets you've bought or enhanced for your firm.
Visit the Industry Ca website for more details and extra government regulations.
