Affinity Credit Union Canada Small Business Financing Program

Amount:

$ 1,000,000.00

Type:

Loan

Description:

The Canada Small Business Financing Program (CSBFP) represents a collaboration between the federal government and financial institutions such as Affinity. Affinity actively participates in this program, working in conjunction with the government to assist both established businesses and startups in obtaining the necessary financing.

Comments on Funding:

The maximum loan amount a borrower can access under this program is $1.15 million, which includes a maximum of $1 million for term loans and $150,000 for lines of credit. No more than $500,000 of that can be used to finance equipment purchases or improvements, or purchase leasehold improvements.

Deadline:

Rolling deadline

Eligibility:

1. Applicants must be corporations, sole proprietorships, partnerships and co-operatives in Canada with gross revenue under $10 million
2. Farming businesses aren’t eligible under this program.

Application Steps:

Call Contact Center at 1.866.863.6237 or book an appointment online.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

Sweet Success: How to Start a Home Baking Business in Ontario

Tips on How To Start A Bed And Breakfast In Ontario

Why Start Business in Toronto: A Guide to Canada’s Economic Hub

How To Start Immigration Business In Canada: An Overview

How to Start a Lending Business in Canada: Your Roadmap to Success

How to Get Money to Start a Business in Canada: Proven Ways

Bridging Borders: How to Start a Money Transfer Business in Canada

How To Start A Business In Toronto With No Money

How to Start a Business in Ontario: Your Guide to Winning Big

Breaking Down the Cost of Starting a Business in Toronto