|
The Canada Small Business Financing (CSBF) Program seeks
to increase the availability of loans for establishing, expanding,
modernizing and improving small businesses in Canada.
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 a financial institution (bank, credit
union or caisse populaire) of its choice. If the loan is granted
by the financial institution, the federal government will
reimburse 85 percent of the lender's losses in the event of
default.
|
