New plan could mean big money for small business

 

 
 
 

The Canada Small Business Financing Program 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.

You may be eligible if you are a small, non-farming, for-profit business operating in Canada with gross annual revenues of $5 million or less.

For more information, please contact your financial institution.

This program is administered by Small Business Financing Directorate Industry Canada. They can be reached at 613-954-5540, by email at ccsbfp-pfpec@ic.gc. ca or online at www.ic.gc. ca/csbfp.

- For information on a similar program for the farming industry, visit www.agr. gc.ca.

Chamber Voice

 
 
 
 
 
 
 
 

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