Programme de financement des petites entreprises du Canada

📋 Eligible Entities - Small and medium-sized enterprises (SMEs) with fewer than 500 employees - Canadian-controlled private corporations - Sole proprietorships and partnerships operating in Canada - Not-for-profit organizations engaged in commercial activities - Businesses must be operating for a minimum of 2 years (with exceptions for startups under specific conditions) - Businesses must be unable to obtain financing on reasonable terms from traditional lenders without government support - Excluded: Financial institutions, religious organizations (unless engaged in commercial ventures), and businesses primarily engaged in real estate investment ### 💰 Funding Details - Loan amounts: Up to $1 million per eligible business - Government guarantee: Covers 85% of eligible loan losses (90% for specific sectors/regions) - Interest rates: Prime + up to 3%, set by participating lenders - Repayment terms: 5-10 years for general capital; up to 15 years for real property/equipment purchases - Loan structure: Direct loans from approved financial institutions; government acts as guarantor - No repayment of grant component: The government guarantee is non-repayable; the loan itself must be repaid to the lender - Processing fees: Lenders may charge up to 2% of approved loan amount ### 🛠️ Approved Expenses - Working capital (operating expenses, inventory, accounts receivable) - Equipment and machinery purchases or upgrades - Real property (purchase or renovation of business premises) - Technology adoption (software, digital infrastructure, e-commerce platforms) - Leasehold improvements to rental business premises - Vehicle purchases for business operations - Professional development and training for employees - Export development and market expansion initiatives - Business acquisition and expansion of existing operations ### ⚠️ Conditions & Milestones - Mandatory lender participation: Businesses must apply through an approved financial institution; government does not lend directly - Personal guarantee required: Owner(s) must personally guarantee the loan (typically required) - **Coll