Canada Small Business Financing Act Loan Program1 :

Right for you if:
  • You are an existing Small Business or a start-up

  • Your business is located in Canada

  • Your business is not a NFP not for profit, a charitable or a religious organization

  • Your gross or projected annual revenue is $10 million or less

  • You are not in the farming business

  • Overview2

    Loans are guaranteed by the Government of Canada

    Eligible Purchases:

      Purchase of leasehold improvements, equipment (including vehicles for business purposes) and real property (including real property improvements) are eligible for financing under the program

    How much Financing is Available?
    Up to 90% of eligible purchases which are subject to the following program maximums:

    • Up to $350,000 for leasehold improvements and or equipment financing
    • Up to $1,000,000 for real property purchase or improvements

    Loan Amortization:

    • 10 years for leaseholds & equipment loans
    • 20 years for real property loans

    Interest Rate:

    • Variable rate: Scotiabank Prime rate + 3%
    • Fixed rate: Residential Mortgage Rate + 3%


      A loan registration fee equivalent to 2% of the loan amount is payable to the Government of Canada and is payable at the time of the loan advance. This fee may be financed subject to program loan maximums.

    Optional loan insurance

    Important Points to Note:

    1. The program does not allow financing for items such as: Inventory, Working capital, Goodwill, Franchise fees, Research & development.

    2. Any expenses incurred in purchasing otherwise eligible assets 180 days prior to the loan approval date are ineligible for financing

    3. At least 50% of the real property purchased under the program must be used for business purposes


    Ready to apply

    In Person

    Make an appointment at your local branch

    Find a local branch

    Call the Scotiabank Credit Card Centre