What is Canada Small Business Financing Program (CSBFP)
For many Canadian entrepreneurs, one of the biggest hurdles in launching or expanding a small business is accessing financing. That’s where the Canada Small Business Financing Program (CSBFP) comes in—a government-backed loan initiative designed to help startups and growing businesses obtain the funds they need, even if they lack collateral or long credit histories.
If you’re starting a new venture or investing in your existing one, here’s everything you need to know about how CSBFP works—and how Assentt can help you qualify.
What Is the CSBFP?
The Canada Small Business Financing Program is administered by Innovation, Science and Economic Development Canada (ISED) in partnership with financial institutions. It helps small businesses secure loans by sharing the risk with lenders.
In simpler terms: You borrow from a bank or credit union, but the Government of Canada guarantees a portion of the loan (up to 85%). This makes lenders more likely to approve financing for newer or higher-risk businesses.
Key Features of CSBFP
To meet lender expectations, your plan must include the following key elements:
1. Eligibility
- Must be a for-profit business operating in Canada
- Annual gross revenues must be $10 million or less
Startups and newly incorporated businesses are eligible
The first (and often most read) section. It should succinctly summarize your business idea, target market, funding need, and projected return.
2. Eligible Uses of Funds
- Equipment and machinery
- Leasehold improvements and renovations
- Commercial vehicles
- Franchise fees
- Intangible assets (e.g., software, goodwill)
Working capital (if through a line of credit)
3. Whats’s not covered
- Buying goodwill (beyond limits)
- Real estate held for resale
- Residential properties
- Inventory or payroll (except under a line of credit)
Prepaid expenses or passive investments
Why Choose the CSBFP?
- Risk Sharing: The government guarantees 85% of the loan, reducing lender risk.
- Startup-Friendly: Even early-stage businesses with no assets can apply.
- Flexibility: Can be used for a mix of capital expenditures and working capital.
How Assentt Helps You Succeed with CSBFP
At Assentt, we specialize in helping Canadian entrepreneurs secure funding by preparing lender-ready documentation that aligns with CSBFP requirements.
Our Services Include:
- Custom Business Plan Writing
- Professional 3-Year Financial Projections
- Funding Strategy and Lender Preparation
- Ongoing Guidance Throughout the Application Process
Whether you’re launching a restaurant, retail store, tech startup, or contracting business, we tailor your documents to show lenders why your venture is a safe bet.
Get Started Today
The Canada Small Business Financing Program is one of the most accessible funding options available for startups and small businesses in Canada. If you’re ready to invest in equipment, renovate a location, or launch a new venture, CSBFP could be your path forward—and Assentt is here to help you navigate it successfully.
📩 Contact us today to see if your business qualifies and get started with a high-impact application package.
The information provided is for educational/entertainment purposes only. Actual information may vary, please consult our office for further details. Got a question? Feel free to reach us at helpdesk@assentt.com.
