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.
|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)|