Let’s Start Your Business
Let’s Get You Funded With the Best Markham Funding Consultant
Thinking of starting your business but lack the full funding? Why not take advantage of the Canada Small Business Financing Program?
Our consultants will guide you through the entire process and do our best to help you get approved for government funding.
Start today and get up to $500,000 to help fund your renovation/equipment purchasing or up to $1,000,000 should you need to buy a commercial property!
Possibilities are endless! Talk to us today to get started.
The Details of CSBFP
Benefits of The Financing Program
- Loan Amount $$$
- Government Guarantee
- Credit Line
Under the Canada Small Business Financing Program (CSBFP), a business can borrow up to a total maximum of $1.15 million across all CSBFP loans combined. Within that overall limit, the program allows up to $1 million for purchasing or improving real property (such as land or buildings) and up to $500,000 for equipment or leasehold improvements. Of that $500,000, a maximum of $150,000 can be used specifically for working capital and lines of credit, which cover short-term operating needs like inventory, payroll, or marketing.
The CSBFP is a federal loan guarantee program run by Innovation, Science and Economic Development Canada (ISED). It helps small businesses get loans from banks and credit unions by having the government guarantee up to 85% of the lender’s risk.
a maximum of $150,000 can be used specifically for working capital and lines of credit, which cover short-term operating needs like inventory, payroll, or marketing.
Since the June 2022 policy update, the CSBFP does include working capital and lines of credit as eligible financing uses — up to $150,000 of the total $1.15 million cap.
That means, on paper, lenders can use CSBFP guarantees to fund operating expenses, marketing, payroll, and other short-term business needs.
The Markham Office Way
Why Choose Markham Office?
Markham Office has been in business since 2005, with over 20 years of experience serving businesses big and small, we have a strong track record of helping small businesses succeed.
Faq’s
Frequently Asked Questions
You must be a permanent resident of Canada or Canadian citizen, agriculture-related industry are not eligible.
You may be eligible for term loans up to a maximum of $1,000,000, with no more than $500,000 allocated toward leasehold improvements, improvements to leased property, or the purchase and improvement of new or used equipment.
You will need a comprehensive business plan for the bank to assess your loan application. We will handle the entire process for you so you can sit back and relax knowing that we'll do the best we can to help you get the funding approved.
We also recommend demonstrating that you have at least 25%-30% of the requested loan amount saved in your business bank account.
In non busy season, it can take up to 2 months from starting the application with us to getting approved for funding, in busy season it could take up to 3 months. So be sure to get started with us asap to plan ahead.
The rate is prime rate + 3%, for example, if prime rate is 4.7% then + 3% equals to 7.7% is the total loan rate.
That depends on your agreement with the landlord whom you lease the property from, in general the maximum is 10 years payback period.