All Posts

The Canada Small Business Financing Program (CSBFP) is a federal government initiative designed to help small businesses and startups access affordable financing that might otherwise be unavailable through traditional lenders. Launched to support economic recovery and innovation, the program acts as a "loan guarantee" mechanism, where the Government of Canada shares the risk with financial institutions—covering up to 90% of any losses on defaulted loans. This makes lenders mo

A clean and organized workspace with essential tools for productivity Insufficient Collateral or Security This is the most common reason for rejection. Even though the government guarantees up to 90% of the loan, lenders still need solid security for their 10% share. If your business lacks enough tangible assets—like equipment, inventory, or property—or if personal guarantees are weak, the lender sees too much risk. Poor Credit History (Personal or Business) A low credit sc