The Canada Small Business Financing Program is a federal government loan program that assists small businesses in Canada by providing financial support to new businesses and established companies. It allows them to access business financing used to start a business or provide expansion capital for business operations. The government guaranteed loans program is administered under Industry Canada and is in partnership with participating financial institutions in Canada, most notably Canadian chartered banks and some credit unions. There is a 2% registration fee attached to the final approval of the loan, and this amount can be included in the financing. Most lenders under the program are either a bank or credit unions offering SBL term loans and installments with blended payments under the competitive CSBFL loan interest rate. Businesses with revenues or projected revenues less than 10 Million dollars and apply for various loan facilities under the program - Historically, the program only financed asset categories of eligible purchases of new or used equipment, leased property leasehold improvements, and commercial real estate. Real estate transactions can have a more extended amortization schedule as well as a competitive interest rate. In 2022 the government of Canada amended the program to include new classes and types of loans that included working capital and lines of credit facilities. Monthly payments are flexible and tailored to the loan type. Other lenders in the government category include BDC loan solutions. The program aims to assist Canadian businesses that might not otherwise qualify for traditional bank loans for businesses. No external collateral is required under the loan program, and only a limited personal guarantee is required as the government guarantees the majority of the loan to participating institutions. Other factors to consider include business owners being required to provide a positive credit history in their finances/credit score.