Meridian Credit Union Canada Small Business Financing Program
$ 1,000,000.00
Loan
Description:
The Canada Small Business Financing Program (CSBFP) is an ideal option for new businesses or startups seeking financial support or aiming for business expansion. The program boasts an 85% guarantee by the federal government, streamlining the approval process for applicants.
Comments on Funding:
Funding takes the form of a loan of up to $1,000,000, only $350,000 of which can be used to finance the purchase or improvement of equipment and the purchase of leasehold improvements.
– 85% guaranteed by the federal government, making it easier to get approved;
– You can use the loan to pay off eligible purchases made in the previous 6 months;
-Flexible terms and repayment options.
Continuous Intake
Eligibility:
Applicants must be start-ups and existing small businesses with a gross revenue of $10 million or less.
Application Steps:
Applicants must present their proposal to Meridian.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
