26/04/2025
🚀 Thinking about opening or renovating a store in Toronto but short on funds?�Good news — the Canadian government has your back! 🇨🇦💸
Introducing the Canada Small Business Financing Program (CSBFP) — a game-changer for small businesses and startups!�
Whether you are planning a grand opening or upgrading your current space, CSBFP can offer up to $1.15 million in financing, with up to $500,000 specifically for leasehold improvements like renovations!
✨ Why you should check it out:
✅ High loan amounts – Up to $1.15M available, with $500K for renovations�✅ Easy eligibility – Annual revenue ≤ $10M? You can apply! New businesses are welcome too�✅ Government-backed – 75% of the loan risk is guaranteed by the government�✅ No physical collateral required – No house, no car needed�✅ Protect your credit – Without personal guarantees, business failure won’t impact your personal credit score�✅ Practical funding expectations – Generally, banks prefer you have 1/3 of the loan amount in assets or savings (higher for riskier industries like restaurants)
🏢 Wide coverage for all types of businesses: – Restaurants, bubble tea shops, retail stores, supermarkets�– Central kitchens, construction companies, home improvement stores�– Warehouses, logistics firms, trading companies�– Clinics, schools, pet supply shops, personal services�– Medical aesthetics, salons, nail spas, beauty studios�– Sports clubs: badminton, basketball, tennis, pickleball, and more!
📈 Over the past 10 years, CSBFP has issued more than 53,000 loans totaling over $10 billion CAD — helping countless entrepreneurs bring their business dreams to life!
💬 Planning to open a new location or refresh your space?�This financing option could be your golden ticket.�Feel free to DM us or drop a comment below for more info! 👇
