Vijenthiran Vijayaratnam
AMP # M08002899
 
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Canada Small Business Financing Program: anada Small Business Financing Program
The Canada Small Business Financing Program seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. It does this by encouraging financial institutions to make their financing available to small businesses. Under the Program, a small business must apply for a loan at Vijay financial Depot    Application is not made to the Canada Small Business Financing Program Directorate

Busiesses are an important part of Canada’s economy, but they face unique challenges when they look for financing.

The Canada Small Business Financing Program helps you with your financing needs. Under the program, the Government of Canada makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.

The program’s main objectives are:

  • to help new businesses get started and established firms make improvements and expand
  • to improve access to loans that would not otherwise be available to small businesses
  • to stimulate economic growth and create jobs for Canadians
  • On average, the program helps small businesses access 10,000 loans worth more than $1 billion each year.

Who is eligible?
Small businesses operating for profit in Canada, with gross annual revenues of $5 million or less.

How much financing is available?
Up to a maximum of $500,000 for any one business, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment.

What can loans be used for under this program?
Loans can be used for financing up to 90% of the cost of:

  • purchasing or improving land, real property or immovables
    • purchasing leasehold improvements or improving leased property
    • purchasing or improving new or used equipment

For example, you can use a loan to finance:

  • buildings and land
  • commercial vehicles
  • hotel or restaurant equipment
  • computer or telecommunications equipment and software
  • production equipment

You cannot use a loan to finance items such as:

  • goodwill
  • working capital
  • inventories
  • franchise fees
  • research and development

What are the terms of the financing?
Lenders are required to take security in the assets financed. Lenders also have the option to take an additional unsecured personal guarantee, which cannot exceed 25% of the total amount loaned. For more information, please contact vijay financial depot.

Do You Want $300,000 Worth of Small Business Loans, NO Collateral need?

We offer ways to get unsecured business lines of credit and new small business loans that anyone can qualify for.Our small business funding sources and services include:

Small Business Loans Equipment Leasing
Small Business Lines of Credit Small Business Incorporation Services
Small Business Credit Cards Small Business Tax Consulting

Vijay Financial Depot mortgage broker will be well equipped to provide you with all the information you need on Business loan financing. Apply online now or contact us at   416-732-7784.

CONTACT ADDRESS
585 Middlefield Road, Suite 16.
Toronto, ON. M1V 4Y5
Tel: 416.732.7784
Fax:416.335.4634
vijayfinancial@gmail.com
www.vijayfinancial.net
 
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