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.
Canada Suspends Trade Negotiations with U.S.| S. 338 Tariffs of 50% In Effect on a Selection of Goods Exported to U.S.
As of August 22, Section 338 Tariffs are now in place for exports to the United States on a selection of goods (See the affected products guide below for full details). The suspension of negotiations was announced in a statement by Prime Minister Carney on August 21st...