Your business deserves the best opportunities for success - that's why we're offering you the best financing options.
With the Canada Small Business Financing Program (CSBFP), you can qualify for a guaranteed loan from Meridian.
Who is this loan for?
A CSBFP loan works really well for new businesses and start-ups that need financial support or want to grow. It's also a great option for established businesses with cash flow issues after a big investment.
Key benefits
- Government guarantee equal to 85% of the outstanding loan.
- You can use this loan to pay off eligible purchases made in the previous 6 months.
- You can choose from different terms and flexible repayment options.
Frequently asked questions
Browse answers to common questions about this loan, and for all the details explore the Canada Small Business Financing Program.
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The purchase or improvement of land or buildings used for commercial purposes.
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The purchase or improvement of new or used equipment.
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The purchase of new or existing leasehold improvements (i.e. renovations to a leased property by a tenant).
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The registration fee.
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Up to $150,000 can be used for intangible assets and working capital costs.
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The maximum loan amount for a borrower is $1.15 million.
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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 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.
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Up to a maximum of $150,000 for lines of credit.
Present your business proposal to Meridian – we’d love to help you get the financing you need to grow your business.
You can choose a term that fits your business.
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Equipment loans up to a 10-year amortization
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Leasehold improvements up to a 7-year amortization
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Real property loans/ immovable up to 15-year amortization
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Up to $150,000 can be available through a line of credit
There are several flexible repayment options.
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Floating rate principal plus interest
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Floating rate principal including interest (blended payments)
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Principal plus interest rate
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Principal including interest (blended payments)
Most start-ups and existing small businesses with a gross revenue of $10 million or less.