New Funds Available for Small Businesses

New Funds Available for Small Businesses

Recently, the Canadian Government announced several changes to the Canadian Small Business Financing Program to make it easier for small business to access funding through the program. The biggest change is that eligible companies can have up to $10M in annual revenues, up from the previous $5M. This program helps small businesses access money to…

Canadian Small Business Financing Act

The Canada Small Business Financing Program seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. Under the program, a small business must apply for a loan at a financial institution (bank or credit union) of its choice. If the loan is granted by the financial institution, the federal government…