The Large Enterprise Tariff Loan (LETL) facility
No fixed amount
Loan
Description:
The Large Enterprise Tariff Loan (LETL) facility is a new financing facility announced by the Government of Canada on March 21, 2025. Managed by the Canada Development Investment Corporation (CDEV) through its subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC), it provides financing support for large Canadian enterprises affected by actual and potential new tariffs and countermeasures and which face challenges accessing traditional sources of market financing.
Comments on Funding:
Canada is making available loans of $60 million and above, based on the applicant’s cash flow needs for the next 12 months. The loan size for each applicant will be assessed on a case-by-case basis based on demonstrated need, the reasonableness of management’s business plan assumptions and the ability to repay.
Continuous Intake
Eligibility:
Applicants must
1. Have an impact on Canada’s economy as a result of:
a. Significant operations in Canada; or
b. A significant workforce in Canada.
2. Have approximately $300 million, or more, in annual Canadian revenue; and
3. Require a minimum loan size of $60 million.
Application Steps:
Applicants must:
1. Assess your eligibility.: Applicants are encouraged to review the LETL factsheet to assess their eligibility.
2. Fill in the Enquiry form.
https://ceefc-cfuec.ca/wp-content/uploads/2025/04/Company-Name_LETL-.pdf
3. Submit your Enquiry form: Email your completed Enquiry form at info@ceefc-cfuec.ca.
a. Please do not attach any documents other than the Enquiry form when sending your email. Reference documents or attachments other than the Enquiry form will not be accepted. Incomplete forms will not be processed.
4. CEEFC will contact you if you qualify
a. Upon receiving your completed Enquiry form, CEEFC will evaluate your eligibility.
b. Qualifying applicants will receive a form requesting additional information in order to move the process forward.
Documentation Needed:
Applicants must submit Enquiry form.
Other Things to Note:
The LETL facility is intended for large Canadian businesses that are otherwise viable prior to the tariffs and countermeasures. It is not intended to resolve insolvencies or support businesses that have filed for relief or protection under the Companies’ Creditor Agreement Act (Canada), or any other similar legislation of any jurisdiction.
About the author
Maurice
