MEDIUM AND LONG-TERM FINANCING
Ideal for budgeting your capital expenditures or making investments, this loan is an effective way to finance business growth.
CANADA SMALL BUSINESS FINANCING (CSBFA)
CSBFA is a federal program that helps Canadian businesses with gross revenues under $5 million get access to bank financing. To be eligible, a business must have borrowing needs that represent 90% of the cost of purchasing eligible assets. A business can qualify for up to $500,000 in financing. A maximum of $350,000 can be used for leasehold improvements and the purchase and/or improvement of equipment.
During financially-difficult times, this loan confers the advantage of a government guarantee that covers 85% of the loan amount.
Projects eligible for financing include property and capital asset acquisition, equipment purchases and leasehold improvements.
The loan must be repaid within 10 years, and the one-time setup fee of 2% of the loan value can be added to the financing request.
To request a disbursement, fill out the Disbursement Control Sheet and return it to your National Bank advisor.