The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders. The maximum loan amount for a borrower is $1.15 million.
• Up to a maximum of $1,000,000 for term loans for any one borrower, of which no more than $500,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment and of that amount, a maximum of $150,000 could be used for intangible assets and working capital costs.
• Up to a maximum of $150,000 for lines of credit.
Financial institutions deliver the program and are solely responsible for approving the loan. For more information download their PDF pamphlet or click here to find a lender near you.
Notice to Members: First Slate of Candidates for Chamber Board Election
In accordance with Section 4.16 of the By-Laws of the Thunder Bay Chamber of Commerce the Executive Committee has approved a slate of nominees to fill (4) four open positions for the 2026 - 2029 term (alphabetical by last name):-- Andrew Bishop, Thunder Bay Pulp &...