What You Need to Know About the Canada Small Business Financing Program

KEY TAKEAWAYS

CSBFP encourages banks to lend to small businesses by sharing risk with the federal government.
Many franchise start-ups may be eligible, subject to the program’s eligibility requirements and the lender’s assessment.
Prospective franchisees apply to the program directly through their bank, not to the government.
It's crucial to understand both what can and what cannot be financed under the program.

The Canada Small Business Financing Program (CSBFP) is a popular commercial loan product available to aspiring franchisees. It's also often misunderstood.

Adam Vollering, BMO's Regional Market Leader, Franchise Finance, recently published an article in Franchise Canada explaining how the program works. He outlines CSBFP's benefits and limitations, as well as what your bank expects from franchise applicants—all of which can help prospective franchise owners put themselves in a strong position to secure the funding they need.

"What do I need to know about the Canada Small Business Financing Program?" originally published in Franchise Canada, highlighting how the program works, what it covers, and how prospective franchisees can position themselves to secure financing. Ask a Finance Expert: As a prospective franchisee, what do I need to know about the Canada Small Business Financing Program? - Franchise Canada