This revolving term credit allows you to finance future purchases of one or several assets and spread these purchases on one or many term loans up to the pre-authorized amount.1
CSBFP1 is a federal program that helps new and existing Canadian businesses with annual gross (or forecasted) revenues of $10 million or less gain access to bank financing.
With this program, a business can borrow up to 100% of the cost of acquiring eligible assets.
A business may borrow up to $1,000,000, of which a maximum of $350,000 can be used for leasehold improvements or equipment (new or used).
The government's guarantee for financing real property is 15 years and 10 years for other types of assets.
There are also several other government programs that can help businesses gain access to term financing