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The Canada small company Financing Program causes it to be easier for small enterprises to obtain loans from finance institutions by sharing the chance with loan providers.
In the last ten years, small enterprises have received over $9.5 billion in asset-based funding representing over 63,000 loans made.
That is qualified?
Smaller businesses or start-ups running for revenue in Canada, with gross yearly profits of ten dollars million or less.
Maybe not qualified under this system are farming companies (for the comparable system for the agriculture industry, go to www. Agr. Gc.ca), not-for-profit companies, or charitable and spiritual businesses.
Just how much funding is available?
As much as no more than $1,000,000 for just about any one borrower, that a maximum of $350,000 may be used for buying leasehold improvements or increasing leased property and buying or enhancing brand new or equipment that is used. Pokračování textu Assisting small businesses have loans