Large Enterprise Tariff Loan (LETL) Facility ### 📋 Eligible Entities - Large enterprises as defined by government classification (typically companies exceeding employee or revenue thresholds) - Canadian-controlled private corporations - Publicly listed Canadian companies - Businesses demonstrating direct negative impact from new tariffs or countermeasures - Companies unable to secure adequate financing through traditional commercial lenders - Entities with operations or supply chains affected by tariff-related trade disruptions ### 💰 Funding Details - Loan structure (non-grant): Repayable financial support rather than forgivable funding - Loan amounts: Determined on case-by-case basis relative to demonstrated tariff impact - Interest rates: Commercial or below-market rates (specific rates subject to program terms at time of application) - Repayment terms: Standard loan amortization schedule (terms vary; typically 5-10 years) - No matching requirement: Government assumes full financing burden - Security requirements: May require collateral or personal guarantees depending on loan size and applicant creditworthiness ### 🛠️ Approved Expenses - Working capital: Cash flow support to manage tariff-related revenue disruptions - Inventory management: Financing to maintain or adjust inventory levels affected by tariff costs - Supply chain restructuring: Costs associated with diversifying suppliers or sourcing alternatives - Operational continuity: Payroll and essential operational expenses during transition periods - Strategic repositioning: Investments to adapt business models in response to tariff impacts - Technology and automation: Efficiency improvements to offset tariff-related cost increases ### ⚠️ Conditions & Milestones - Tariff impact documentation: Must provide evidence of direct business harm from specific tariffs or countermeasures - Financial viability assessment: Company must demonstrate ability to repay; creditworthiness evaluation required - Traditional financing exhaustion: Applicant must show good-faith efforts to secure commercial financing first - Business plan submission: Detailed plan showing how funds will address tariff-related challenges - Reporting obligations: Ongoing compliance reporting on loan use