Financing for Small Businesses in Canada
Small Business Financing in Canada is essential for entrepreneurs looking to start or expand their ventures. Whether you are launching a new business or scaling an existing one, finding the right financing options can be crucial to your success. Understanding the various loans and credit options available can help you secure the funds needed to fuel your business growth. This article delves into the different loan programs, personal financing methods, and strategies for working with financial institutions to get your small business funded.

PSCE – Component 2
- Maximum amount : 60,000 $
- Up to 50% of project cost
- Manufacturing
- Wholesale trade
- Transportation and warehousing
- Information and cultural industries

MAPAQ — Food Processing Program — Component 2
- From $25,000 to $150,000
- Up to 60% of project cost
- Manufacturing

Industrial Research Assistance Program (IRAP) – AI Assist
- From $750,000 to $10,500,000
- Up to 100% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services

Efficient Solutions Program — Medium and Large Businesses Component
- From $1,000 to $5,000,000
- Up to 75% of project cost
- All industries

ESSOR – Component 1C: Support for investment projects (implementing a digital plan)
- Maximum amount : 30,000 $
- Up to 30% of project cost
- All industries

Manitoba — Export Development Program (EDP)
- From $2,000 to $30,000
- Up to 50% of project cost
- All industries

NGen — AI For Manufacturing Challenge (AI4M)
- From $1,500,000 to $3,200,000
- Up to 40% of project cost
- Manufacturing

Creative Export Canada (CEC) — Export-Ready Stream
- Maximum amount : 2,500,000 $
- Up to 75% of project cost
- Information and cultural industries
- Arts, entertainment and recreation

- From $20,000 to $100,000
- Up to 50% of project cost
- Accommodation and food services

Workforce Training Measure (MFOR)
- Maximum amount : 100,000 $
- Up to 75% of project cost
- All industries

ESSOR – Component 1B: Support for investment projects (digital diagnostics)
- Maximum amount : 10,000 $
- Up to 30% of project cost
- All industries

Innovative Solutions Canada Program
- No Condition
- All industries

NRC IRAP – Support for clean technology
- No Condition
- Utilities
- Construction
- Manufacturing
- Transportation and warehousing

Creative Export Canada (CEC) — Export Development Stream (EDS)
- From $15,000 to $90,000
- Up to 75% of project cost
- Arts, entertainment and recreation

PSCE – Component 1
- From $25,000 to $250,000
- Up to 50% of project cost
- All industries

NovaScience Program — Support for the position of innovation and commercialization manager
- Maximum amount : 75,000 $
- Up to 50% of project cost
- Professional, scientific and technical services

- No Condition
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

Employment Consultation - Human Resources Management Support
- Maximum amount : 4,800 $
- Up to 40% of project cost
- All industries

ISDE — Advanced technologies for open-source intelligence due diligence
- Maximum amount : 1,500,000 $
- Information and cultural industries
- Professional, scientific and technical services
- Educational services
- Public administration

REGI — Business Scale-up and Productivity (BSP) - Northern Ontario
- Maximum amount : 500,000 $
- Up to 50% of project cost
- Manufacturing
- Professional, scientific and technical services

Protein Industries Canada — Technology Leadership
- Up to 45% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

AgriInnovate Program
- Maximum amount : 5,000,000 $
- Up to 60% of project cost
- Agriculture, forestry, fishing and hunting

Economic development program to help revitalize territories (DEPART)
- No Condition
- Manufacturing
- Information and cultural industries
- Accommodation and food services

Arts Across Canada — Representation and Promotion
- Maximum amount : 30,000 $
- Arts, entertainment and recreation

FAQDD — Returnable Container Recycling Equipment Modernization Program
- From $7,500 to $7,500
- Up to 65% of project cost
- Retail trade
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Canadian Agricultural Strategic Priorities Program
- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Eastern Ontario Development Fund (EODF) — Business project loans
- From $500,000 to $500,000
- Up to 15% of project cost
- Manufacturing

Support program for the development of reserved designations and promotional terms — Component 1
- Maximum amount : 150,000 $
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting

ESSOR – Component 1A: Support for investment projects (feasibility studies)
- Maximum amount : 20,000 $
- Up to 30% of project cost
- Manufacturing
- Wholesale trade
- Retail trade
- Transportation and warehousing

Canada Nature Fund for Aquatic Species at Risk (CNFASAR)
- From $50,000 to $1,000,000
- Agriculture, forestry, fishing and hunting
- Professional, scientific and technical services
- Educational services
- Other services (except public administration)

CFIN — Innovation Scouting Fund
- From $20,000 to $75,000
- Up to 60% of project cost
- Manufacturing
- Wholesale trade
- Retail trade
- Professional, scientific and technical services

SIF — Collaborations and Networks projects
- No Condition
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services

CED — Regional Artificial Intelligence Initiative
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries

Regional Development Program — Advanced Manufacturing and Innovation Competitiveness (AMIC)
- From $500,000 to $1,500,000
- Up to 15% of project cost
- Manufacturing

Call for collaborative and structuring innovation projects in Quebec's strategic sectors
- Maximum amount : 1,000,000 $
- Up to 35% of project cost
- Utilities
- Manufacturing
- Transportation and warehousing
- Information and cultural industries

LTI³ Project
- Maximum amount : 28,500 $
- Up to 70% of project cost
- Transportation and warehousing

Starter Company Plus
- Maximum amount : 5,000 $
- Up to 25% of project cost
- Manufacturing
- Retail trade
- Information and cultural industries
- Professional, scientific and technical services

NovaScience Program — Support for employment in research and innovation
- Maximum amount : 30,000 $
- Up to 50% of project cost
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance

Qualifying training in the workplace
- Maximum amount : 100,000 $
- All industries

MAPAQ — Ministerial initiative Proximity — Component 1
- From $7,000 to $50,000
- Up to 70% of project cost
- Agriculture, forestry, fishing and hunting

Novoclimat — Construction professionals — Small Multiple-Unit Buildings
- No Condition
- Construction
- Real estate and rental and leasing

Support for music and variety companies — Component 2: Support for management activities and Component 3: Para-industrial sector - Project support
- No Condition
- Arts, entertainment and recreation

Indigenous Intellectual Property Program (IIPP) — Project Stream
- Maximum amount : 50,000 $
- Professional, scientific and technical services
- Educational services
- Arts, entertainment and recreation
- Other services (except public administration)

- From $100,000 to $350,000
- Up to 40% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Administrative and support, waste management and remediation services
- Health care and social assistance

Regional defence investment initiative (RDII) – Quebec
- Up to 90% of project cost
- Manufacturing
- Professional, scientific and technical services
- Public administration

MAPAQ — Food Processing Program Component 3 — Food quality and safety management
- From $7,500 to $150,000
- Up to 50% of project cost
- Manufacturing

Capitale-Commerce
- From $5,000 to $75,000
- Up to 50% of project cost
- All industries

CELTIC-NEXT – Next Generation Communications Autumn 2025 call for proposals
- No Condition
- Information and cultural industries
- Professional, scientific and technical services

Regional Tariff Response Initiative (RTRI) — Quebec
- From $100,000 to $1,000,000
- Up to 50% of project cost
- Manufacturing

FedDev Ontario — Economic Development Initiative (Southern Ontario) — Not-For-Profit
- No Condition
- Manufacturing
- Information and cultural industries
- Educational services
- Health care and social assistance
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- Minimum amount : 500,000 $
- Up to 80% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

On-road Transportation Decarbonization — R&D Projects
- From $500,000 to $1,500,000
- Up to 75% of project cost
- Utilities
- Manufacturing
- Transportation and warehousing
- Professional, scientific and technical services

DEL — Expertise Financing Grant
- Maximum amount : 100,000 $
- Up to 50% of project cost
- Manufacturing
- Transportation and warehousing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

MAPAQ — Food Processing Program — Component 1
- From $5,000 to $75,000
- Up to 50% of project cost
- Manufacturing

Musicaction - Global Funding Envelope – Support Program
- Maximum amount : 600,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

MT Lab — Project Financing Program — Component 2
- Maximum amount : 90,000 $
- Up to 75% of project cost
- Accommodation and food services

Innovative Solutions Canada — Challenge Stream for innovators
- Maximum amount : 2,000,000 $
- All industries

Regional partnership and digital transformation agreement for tourism 2022-2025 – Digital development of a company
- From $5,000 to $25,000
- Up to 25% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

PME MTL — Industrial and sustainable development investment fund
- Maximum amount : 50,000 $
- Up to 80% of project cost
- All industries

Doing business in French
- Up to 100% of project cost
- Manufacturing
- Professional, scientific and technical services

Ambition-Compétences — Training for resilience and competitiveness in employment
- Up to 85% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Transportation and warehousing

Innovation Program — Stream 1 – Support for innovation projects
- Maximum amount : 500,000 $
- Up to 50% of project cost
- All industries

MAPAQ — Food Processing Program — Subcomponent 4.1 - Competitiveness of slaughterhouses and cheese dairies
- From $7,500 to $150,000
- Up to 50% of project cost
- Manufacturing

Fabrication Process Development Challenge
- From $200,000 to $1,500,000
- Up to 40% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services

Support for innovation projects
- No Condition
- Manufacturing
- Professional, scientific and technical services
- Other services (except public administration)
- Public administration

Canada Book Fund Publishers Business Development — Business Planning
- Maximum amount : 50,000 $
- Up to 75% of project cost
- Information and cultural industries

OCI — Digital Modernization and Adoption Plan program (DMAP)
- From $15,000 to $15,000
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

Digital Main Street – Digital Transformation Grant Program
- No Condition
- Retail trade

- From $5,000 to $200,000
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation

Évolution-Compétences -Partnership for training and innovation
- Maximum amount : 50 $
- Up to 50% of project cost
- Educational services

Cyber Security Innovation Network
- Up to 50% of project cost
- Professional, scientific and technical services
- Educational services

Innovation Program — Stream 1 – Support for mobilising projects
- From $4,000,000 to $10
- Up to 50% of project cost
- Transportation and warehousing

Retail Modernization Project Grant (RMPG)
- Maximum amount : 5,000 $
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration

CRIBIQ — PARTENAR-IA — Industry
- Maximum amount : 350,000 $
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Professional, scientific and technical services
- Other services (except public administration)

QEPD — Diversify your economy - CED (QC)
- Up to 50% of project cost
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation
- Accommodation and food services
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Social economy enterprises — Digital transformation
- Maximum amount : 20,000 $
- Up to 80% of project cost
- All industries

MAPAQ — Prime-Vert — Component 3.1
- Maximum amount : 107,950 $
- Agriculture, forestry, fishing and hunting

Construction Sector Digitalization and Productivity Challenge program – Call for proposals
- Maximum amount : 850,000 $
- Construction

Southwestern Ontario Development Fund — Community economic development projects
- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- All industries

Alberta Innovates — Agriculture & Environment (AE) Program
- Maximum amount : 750,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Professional, scientific and technical services
- Public administration

Grant for a circular economy assessment
- Maximum amount : 15,000 $
- Up to 75% of project cost
- Manufacturing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
- Other services (except public administration)

Regional Tariff Response Initiative (RTRI) — Prairie Provinces
- Up to 25% of project cost
- Manufacturing
- Wholesale trade
- Transportation and warehousing
- Professional, scientific and technical services

Regional Tariff Response Initiative (RTRI) — Northern Ontario
- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing

Regional Tariff Response Initiative (RTRI) — Southern Ontario
- From $125,000 to $1,000,000
- Up to 75% of project cost
- Manufacturing
- Wholesale trade
- Retail trade
- Transportation and warehousing

PME MTL — Innovation, productivity, and sustainable development fund
- Maximum amount : 50,000 $
- Up to 80% of project cost
- All industries

AI Compute Access Fund
- From $67,000 to $3,350,000
- Up to 67% of project cost
- All industries

Regional Tariff Response Initiative (RTRI) — British Columbia
- From $200,000 to $10,000,000
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

International Technology Pilot and Demonstration Program — Cleantech (Global Markets)
- From $75,000 to $700,000
- Up to 80% of project cost
- Utilities
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

Digital Health Innovation Fund
- Minimum amount : 1 $
- Up to 75% of project cost
- Professional, scientific and technical services
- Educational services
- Health care and social assistance

OTF — Community Building Fund - Operating Stream
- From $10,000 to $250,000
- Up to 80% of project cost
- Arts, entertainment and recreation

Small business mitigation for drugs and medical devices
- Up to 50% of project cost
- Manufacturing

Food Safety and Growth Initiative
- Maximum amount : 75,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Wholesale trade
- Transportation and warehousing

- Maximum amount : 1,500,000 $
- Up to 40% of project cost
- Mining, quarrying, and oil and gas extraction
- Manufacturing

Municipal Infrastructure Improvement and Construction Program (PRACIM) 2025-2028
- No Condition
- Public administration

Canada-Ontario Job Grant (COJG)
- Maximum amount : 10,000 $
- All industries

Sustainable Affordable Housing
- No Condition
- Real estate and rental and leasing
- Public administration

INVEST North Program — Innovation Stream
- Maximum amount : 2,000,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

Women Entrepreneurship Fund (WEF)
- From $10,000 to $100,000
- Up to 10% of project cost
- All industries

WinterTech Development
- Maximum amount : 500,000 $
- Up to 33% of project cost
- Transportation and warehousing

Laval Économique — Sustainable transition
- Maximum amount : 25,000 $
- Up to 75% of project cost
- All industries