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.

Women Entrepreneurship Fund (WEF)
Innovation, Science and Economic Development Canada (ISED)- From $10,000 to $100,000
- Up to 10% of project cost
- All industries

WinterTech Development
Ontario Vehicle Innovation Network (OVIN)- Maximum amount : 500,000 $
- Up to 33% of project cost
- Transportation and warehousing

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

OVIN — Electric Vehicle (EV) — Stream 1
Ontario Vehicle Innovation Network (OVIN)- Maximum amount : 100,000 $
- Up to 50% of project cost
- Utilities
- Manufacturing
- Transportation and warehousing

Arts Across Canada — Foreign Artist Tours
Canada Council for the Arts (CCA)- Maximum amount : 75,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

PROMPT — GHG Reduction – SME Component
PROMPT- Maximum amount : 450,000 $
- Up to 50% of project cost
- Manufacturing
- Professional, scientific and technical services

Enabling Accessibility Fund — Small projects
Employment and Social Development Canada (ESDC)- Maximum amount : 125,000 $
- Up to 25% of project cost
- Construction
- Retail trade
- Transportation and warehousing
- Information and cultural industries

Canada–Germany 2026 Quantum collaborative industrial research and development call for proposals
National Research Council Canada (NRC)- Maximum amount : 700,000 $
- Up to 80% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

SMART Cluster's 9th call for proposals – advanced manufacturing
National Research Council Canada (NRC)- No Condition
- Manufacturing

ÉcoPerformance — Simplified Implementation
Gouvernement du Québec- From $100,000 to $250,000
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting
- Retail trade
- Other services (except public administration)
- Public administration

Indigenous Initiatives Fund IV
Gouvernement du Québec- Up to 50% of project cost
- Other services (except public administration)
- Public administration

CFIN Food Innovation Challenge
Canadian Food Innovation Network (CFIN)- From $20,000 to $2,000,000
- Up to 50% of project cost
- Manufacturing

Summer Company
Government of Ontario- Maximum amount : 3,000 $
- All industries

MRC Les Appalaches — FRR Part 3
MRC des Appalaches- No Condition
- Agriculture, forestry, fishing and hunting
- Administrative and support, waste management and remediation services
- Public administration

The Quantum Technologies innovation funding program
PROMPT- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- Professional, scientific and technical services

Innovation in Quantum Technologies — Stream 2
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)- Maximum amount : 150,000 $
- Up to 30% of project cost
- All industries

MRC Charlevoix-Est — Financial Assistance to Support Rental Housing
MRC Charlevoix-Est- Maximum amount : 150,000 $
- Up to 33% of project cost
- Construction

MRC de Mékinac — FRR Stream 2
MRC de Mékinac- Maximum amount : 50,000 $
- Up to 67% of project cost
- Agriculture, forestry, fishing and hunting
- Retail trade
- Arts, entertainment and recreation

MRC Lac-Saint-Jean-Est — Rural Region Fund - Signature Innovation
MRC Lac-Saint-Jean-Est- Maximum amount : 60,000 $
- Up to 80% of project cost
- Arts, entertainment and recreation

Accès-Loisirs
City of Montreal (MTL)- No Condition
- Arts, entertainment and recreation

Business Growth — Growth support vouchers
Quebec City (FLI)- Maximum amount : 25,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Finance and insurance
- Professional, scientific and technical services

MRC Coaticook — Vitality Entrepreneurship Fund
MRC de Coaticook- Maximum amount : 10,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Other services (except public administration)
- Public administration

Group Entrepreneurship Capital Program
Investissement Québec (IQ)- Maximum amount : 500,000 $
- Up to 50% of project cost
- Finance and insurance
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation

MRC Papineau —Sustainable Development Fund (SDF)
MRC Papineau- Maximum amount : 5,000 $
- Up to 25% of project cost
- Agriculture, forestry, fishing and hunting
- Retail trade
- Accommodation and food services
- Other services (except public administration)

Podium Manufacturier
Sous-traitance industrielle Québec (STIQ)- From $40,000 to $70,000
- Manufacturing
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Peak Perks
Independent Electricity System Operator (IESO)- Maximum amount : 75 $
- Utilities
- Other services (except public administration)
- Public administration

FedDev Ontario — Funding for organizations that help businesses grow
Federal Economic Development Agency for Southern Ontario (FedDev)- From $125,000 to $10,000,000
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

MTRIC — PSO Large companies
Metal Transformation Research and Innovation Consortium (MTRIC)- From $200,000 to $1,500,000
- Up to 40% of project cost
- Manufacturing

MRC L’Île-d’Orléans — Support for Structuring Projects
MRC L'Île-d'Orléans- Up to 70% of project cost
- All industries

Small Business Program
Independent Electricity System Operator (IESO)- Maximum amount : 3,000 $
- All industries

Sustainable industrial buildings subsidy
City of Montreal (MTL)- Maximum amount : 1,000,000 $
- Up to 100% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Transportation and warehousing
- Information and cultural industries

Social Economy Development Fund
MRC Papineau- Maximum amount : 10,000 $
- Up to 80% of project cost
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Other services (except public administration)

Business growth — Éco-Capitale
Quebec City (FLI)- Maximum amount : 500,000 $
- Up to 50% of project cost
- All industries

Trade Commissioner Service — Canadian International Innovation Program (CIIP)
Global Affairs Canada (GAC)- Maximum amount : 600,000 $
- Up to 50% of project cost
- Professional, scientific and technical services

MRC Les Appalaches — FRR Part 2
MRC des Appalaches- No Condition
- Agriculture, forestry, fishing and hunting
- Administrative and support, waste management and remediation services
- Arts, entertainment and recreation
- Public administration

Tourism Growth Program (TGP) — Quebec
Canada Economic Development for Quebec Regions (CED)- From $60,000 to $250,000
- Up to 15% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

MRC Collines-de-l'Outaouais — FRR Stream 3
MRC des Collines-de-l'Outaouais- Up to 50% of project cost
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration

MRC Pontiac — FRR Stream 2
MRC Pontiac- No Condition
- All industries

innovÉÉ — SI2TEC
innovÉÉ- Maximum amount : 500,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Utilities
- Manufacturing
- Transportation and warehousing

Small Business BC — Workplace Accessibility Grant
Small Business BC- Maximum amount : 5,000 $
- All industries

MAPAQ — Supporting the development of greenhouse businesses
Ministry of Agriculture, Fisheries and Food (MAPAQ)- From $100,000 to $600,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

MRC La Matanie — FLI Succession Stream
MRC La Matanie- Maximum amount : 250,000 $
- Retail trade
- Accommodation and food services

- Maximum amount : 15,000 $
- All industries

MRC Témiscamingue — Fund YOUR SME
MRC Témiscamingue- Maximum amount : 3,000 $
- Up to 50% of project cost
- Retail trade

Support fund for the development of tourism offers
Société des Attractions Touristiques du Québec (SATQ)- From $25,000 to $60,000
- Arts, entertainment and recreation
- Accommodation and food services

MRC Les Basques — Business Assistance Fund / FDE
MRC Les Basques- No Condition
- All industries

MRC L'Islet — Child development assistance measure for the south of the territory
MRC de L'Islet- Maximum amount : 5,000 $
- Up to 80% of project cost
- Educational services
- Arts, entertainment and recreation
- Public administration

MRC Bécancour — Business Support Fund (BSF)
MRC Bécancour- Maximum amount : 10,000 $
- Up to 50% of project cost
- Manufacturing
- Retail trade
- Accommodation and food services
- Other services (except public administration)

MRC L'Islet — Sectoral agreement for the development of culture in Chaudière-Appalaches
MRC de L'Islet- Maximum amount : 30,000 $
- Information and cultural industries

MRC L'Islet — FEEL
MRC de L'Islet- Maximum amount : 25,000 $
- Up to 40% of project cost
- All industries
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MRC Fjord-du-Saguenay — Entrepreneurship assistance and support fund (FASE)
MRC Fjord-du-Saguenay- From $15,000 to $75,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Wholesale trade
- Retail trade

MRC Charlevoix-Est — Cultural Development
MRC Charlevoix-Est- Minimum amount : 500 $
- Up to 80% of project cost
- Arts, entertainment and recreation

MRC Les Etchemins — Business support policy
MRC des Etchemins- Maximum amount : 25,000 $
- Up to 25% of project cost
- All industries

MRC La Matanie — Business Support Program (PAE)
MRC La Matanie- Maximum amount : 250,000 $
- Retail trade
- Accommodation and food services

PacifiCan — Regional Economic Growth through Innovation — Business Scale-Up and Productivity
Pacific Economic Development Canada (PacifiCan)- From $200,000 to $5,000,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Information and cultural industries

Regional partnership and digital transformation agreement for tourism 2022-2025 – Studies and consulting services
Tourisme Saguenay–Lac-Saint-Jean- From $3,000 to $25,000
- Up to 50% of project cost
- Accommodation and food services

MRC La Vallée-de-l'Or — Support Program for Structuring Projects (PSPS)
MRC La Vallée-de-l'Or- Maximum amount : 25,000 $
- Up to 60% of project cost
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Other services (except public administration)

Enabling Accessibility Fund – Youth Innovation Component
Employment and Social Development Canada (ESDC)- Maximum amount : 12,000 $
- Educational services
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)

MRC Pontiac — FRR Stream 3
MRC Pontiac- No Condition
- Information and cultural industries
- Arts, entertainment and recreation

Regional partnership and digital transformation agreement for tourism 2022-2025 – Festivals and events
Tourisme Saguenay–Lac-Saint-Jean- From $60,000 to $15,000
- Arts, entertainment and recreation
- Accommodation and food services

Biofood market development program — Component 2
Ministry of Agriculture, Fisheries and Food (MAPAQ)- From $50,000 to $750,000
- Up to 70% of project cost
- Agriculture, forestry, fishing and hunting

MRC Arthabaska — Young Promoters Fund (FJP)
MRC Arthabaska- Maximum amount : 8,000 $
- Manufacturing
- Professional, scientific and technical services

MRC Les Etchemins — Call for projects: Signature innovation
MRC des Etchemins- Maximum amount : 200,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

Musicaction — International Event
Musicaction- Maximum amount : 60,000 $
- Up to 75% of project cost
- Arts, entertainment and recreation

Innovation in Quantum Technologies — Stream 3
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Construction
- Manufacturing

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

Game Changer Pitch Competition
Decentralised Energy Canada (DEC)- No Condition
- Utilities
- Information and cultural industries
- Professional, scientific and technical services

RCM Vallée-Du-Richelieu — Programme Innovation (PI)
RCM Vallée-Du-Richelieu- Maximum amount : 10,000 $
- Up to 20% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Other services (except public administration)

MRC Portneuf — Business Support Fund
MRC Portneuf- Maximum amount : 15,000 $
- Up to 50% of project cost
- All industries

Ville de La Tuque — RRF stream 2 - Support for local and regional development skills
Ville de La Tuque- Maximum amount : 25,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Retail trade
- Professional, scientific and technical services

MTRIC — PARTENAR-IA — Academic
Metal Transformation Research and Innovation Consortium (MTRIC)- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- Mining, quarrying, and oil and gas extraction
- Manufacturing

MRC Collines-de-l'Outaouais — FRR Stream 2
MRC des Collines-de-l'Outaouais- Up to 80% of project cost
- Arts, entertainment and recreation

MRC La Matanie — Grant and Sponsorship Program
MRC La Matanie- Maximum amount : 250,000 $
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)

MRC L'Islet — SME Propulsion Measurement
MRC de L'Islet- From $3,000 to $25,000
- Up to 35% of project cost
- Manufacturing
- Accommodation and food services

MRC Bellechasse — Social Economy Enterprise Development Fund (FDEÉS)
MRC de Bellechasse- Maximum amount : 50,000 $
- Up to 80% of project cost
- Health care and social assistance
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Northern Ontario Development Program — Community Economic Development
Federal Economic Development Agency for Northern Ontario (FedNor)- Up to 33% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Manufacturing

MRC La Vallée-de-l’Or — Regions and Rurality Fund – Component 3 – Market Gardening Program
MRC La Vallée-de-l'Or- Maximum amount : 150,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

MRC Fjord-du-Saguenay — Development Optimisation Fund
MRC Fjord-du-Saguenay- From $2,000 to $3,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Wholesale trade

Support program for the development of reserved designations and promotional terms — Component 2
Ministry of Agriculture, Fisheries and Food (MAPAQ)- Minimum amount : 5,000 $
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting

MRC Caniapiscau — FDE
MRC de Caniapiscau- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Information and cultural industries

MRC La Matanie — Local Investment Funds
MRC La Matanie- Maximum amount : 250,000 $
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration

True North
Purolator- Maximum amount : 25,000 $
- All industries

Musicaction — Skills development
Musicaction- Maximum amount : 75,000 $
- Up to 75% of project cost
- Arts, entertainment and recreation

MRC Kamouraska — Regional Outreach Support Program (FRR-1)
MRC Kamouraska- Maximum amount : 50,000 $
- Up to 50% of project cost
- Accommodation and food services

Support program for economic development projects (PAPDE) — Component 1 : Supporting the development of entrepreneurship
Gouvernement du Québec- Maximum amount : 1,000,000 $
- Up to 60% of project cost
- All industries

MRC Marguerite-D'Youville — Business Support Fund – Stream 2
MRC de Marguerite-D'Youville- Maximum amount : 10,000 $
- Up to 20% of project cost
- Health care and social assistance
- Other services (except public administration)
- Public administration

MRC Portneuf — Capitale-Nationale Region Fund (FRCN)
MRC Portneuf- Maximum amount : 100,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Administrative and support, waste management and remediation services

MRC La Jacques-Cartier — Capitale-Nationale Region Fund
MRC La Jacques-Cartier- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

MRC Kamouraska — Support Program for Innovative Projects for Cultural Development and Community Animation
MRC Kamouraska- Maximum amount : 4,000 $
- Arts, entertainment and recreation

Fund to stimulate international business tourism – Stream 1 - Produce a bid book or business plan
Gouvernement du Québec- From $5,000 to $200,000
- Up to 50% of project cost
- Arts, entertainment and recreation

MRC Pontiac — FRR Stream 1
MRC Pontiac- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Accommodation and food services

Support for mobilising projects
Investissement Québec (IQ)- Maximum amount : 500,000 $
- Up to 50% of project cost
- All industries

Open Innovation Subsidy Program for start-up companies
City of Montreal (MTL)- Maximum amount : 50,000 $
- Up to 50% of project cost
- Transportation and warehousing
- Information and cultural industries
- Health care and social assistance
- Accommodation and food services

MRC de Mékinac — FRR Stream 4
MRC de Mékinac- Maximum amount : 100,000 $
- Up to 50% of project cost
- Retail trade
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation

MRC Nicolet-Yamaska — Regional development fund (FRR volet 2)
MRC Nicolet-Yamaska- No Condition
- All industries

PME MTL — Subsidies to support social economy initiatives
PME MTL- From $5,000 to $50,000
- Up to 80% of project cost
- All industries

MRC Papineau — Digital Transformation and Development Fund (FADN)
MRC Papineau- Maximum amount : 5,000 $
- Up to 50% of project cost
- Information and cultural industries

Productivity - Small commercial companies
Quebec City (FLI)- From $15,000 to $25,000
- Up to 35% of project cost
- All industries

MRC L'Islet — Local Services Development Fund
MRC de L'Islet- Maximum amount : 25,000 $
- Up to 50% of project cost
- Retail trade
- Educational services
- Health care and social assistance

MRC La Matanie — Community Development Program - Special Collaborations Stream
MRC La Matanie- Maximum amount : 250,000 $
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration