Key government-backed programs include: Canada Small Business Financing Program (CSBFP) Up to $1.15 million for equipment, renovations, or commercial property Available through participating lenders (banks, credit unions) BDC (Business Development Bank of Canada) Offers term loans, lines of credit, and advisory services Export Development Canada (EDC) Financing and insurance for companies involved in international trade Ontario Ministry of Economic Development, Job Creation and Trade Supports sector-specific financing and regional business programs

You’ll typically need: Business registration documents Financial statements (e.g., income statement, balance sheet) Business plan or cash flow projections Tax returns (business and sometimes personal) Void cheque or business bank account info Personal ID of the owners or directors

Pre-approved revolving credit up to a set limit Interest only on what you use Ideal for managing cash flow, payroll, or short-term gaps Example: LOCs from $10,000 to $250,000 are common for small businesses.

Rates vary based on: Loan type and size Collateral (secured loans are cheaper) Business credit profile Bank vs. alternative lender