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.

Disaster Financial Assistance Arrangements (DFAA)
- Up to 90% of project cost
- Agriculture, forestry, fishing and hunting
- Utilities
- Construction
- Manufacturing

Indigenous Employment Training Partnerships Program
- No Condition
- All industries

Aboriginal Business Investment Fund
- From $150,000 to $750,000
- All industries

Indigenous Cannabis Business Fund — Community Planning & Engagement
- Maximum amount : 12,000 $
- Manufacturing
- Wholesale trade
- Retail trade

Southwestern Ontario Development Fund (SWODF) — Business Project Grants
- From $500,000 to $1,500,000
- Up to 15% of project cost
- Manufacturing

Artificial Intelligence Behaviour Monitoring Solution
- Maximum amount : 1,000,000 $
- Public administration

CAAIN — 2024 Smart Farm Network Competition
- Maximum amount : 1,000,000 $
- Up to 40% of project cost
- Agriculture, forestry, fishing and hunting

Business Foundations
- From $2,000 to $10,000
- Up to 100% of project cost
- Information and cultural industries

Music PEI Funding Program
- No Condition
- Arts, entertainment and recreation

Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 2
- Maximum amount : 350,000 $
- Up to 30% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

Business / Arts - artsvest Regional
- Maximum amount : 5,000 $
- Arts, entertainment and recreation

Alberta Innovates — Voucher Program
- From $10,001 to $100,000
- Up to 75% of project cost
- Information and cultural industries
- Professional, scientific and technical services

Ontario Labour Market Partnerships (OLMP)
- No Condition
- All industries

Life Sciences Scale-Up Fund (LSSUF)
- Maximum amount : 2,500,000 $
- Up to 33% of project cost
- Health care and social assistance

Made in Saskatchewan Technology Program (MIST)
- Maximum amount : 30,000 $
- Up to 80% of project cost
- Information and cultural industries
- Professional, scientific and technical services

OTF — Family Innovations Scale Grant
- Maximum amount : 150,000 $
- Health care and social assistance

thriveFORWARD
- Maximum amount : 100,000 $
- Up to 50% of project cost
- All industries

Indigenous Intellectual Property Program Grant — Small scale initiative stream
- Maximum amount : 15,000 $
- All industries

Big Future Innovation Grant
- Maximum amount : 25,000 $
- All industries

NGen — Advanced Manufacturing Homebuilding Challenge
- No Condition
- Manufacturing

Native Women’s Association of Canada — National Apprenticeships Program
- From $10,000 to $20,000
- Construction
- Manufacturing

PrairiesCan — Aerospace Regional Recovery Initiative (ARRI)
- Up to 75% of project cost
- Manufacturing
- Professional, scientific and technical services

PacifiCan — Aerospace Regional Recovery Initiative — Indigenous Stream
- No Condition
- Manufacturing

AFA — Theatre Individual Project Funding
- Maximum amount : 18,000 $
- Arts, entertainment and recreation

Small Business Recovery (SBR) Consulting Rebate
- Maximum amount : 30,000 $
- Up to 85% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Retail trade
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Innovate BC — BC Fast Pilot program
- Maximum amount : 200,000 $
- Manufacturing
- Professional, scientific and technical services
- Other services (except public administration)
- Public administration

STDP AO 10.2 Space R&D – Small Businesses
- Maximum amount : 350,000 $
- Up to 75% of project cost
- Construction

Skills for Success Program — Research and Innovation Stream
- Maximum amount : 7,500,000 $
- Up to 50% of project cost
- Educational services
- Health care and social assistance
- Other services (except public administration)
- Public administration

innovÉÉ — PARTENAR-IA — Industry
- 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

Heritage grants - Heritage Incentive Program
- Maximum amount : 4,000,000 $
- Up to 50% of project cost
- Real estate and rental and leasing
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation

Workforce Training and Employment — Labour Market Partnerships
- No Condition
- All industries

Job Creation Partnerships (JCP)
- No Condition
- Educational services
- Health care and social assistance
- Public administration

Eurogia Cluster's 29th Call for proposals – Clean Technologies
- No Condition
- Utilities
- Construction
- Manufacturing
- Information and cultural industries

Innovative Solutions Canada — Zero emissions technologies for industrial process heating
- Maximum amount : 1,500,000 $
- Manufacturing

Northern Industries Innovation Fund
- From $10 to $50,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Transportation and warehousing

Innovation Guelph — Rhyze Up! Program
- From $200,000 to $10,000
- All industries

Product and Market Development Program — Agricultural Industry Organizations
- Maximum amount : 30,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Wholesale trade

Support Policy For Businesses
- Maximum amount : 40,000 $
- Up to 80% of project cost
- Manufacturing
- Professional, scientific and technical services
- Arts, entertainment and recreation
- Accommodation and food services

Gen AI Call for Projects
- Minimum amount : 750,000 $
- Up to 50% of project cost
- Professional, scientific and technical services

Livestock Strategy Program — Pollination Expansion
- Maximum amount : 50,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Rural Economic Diversification and Infrastructure Program (REDIP)
- Maximum amount : 1,000,000 $
- Up to 100% of project cost
- Agriculture, forestry, fishing and hunting
- Professional, scientific and technical services
- Other services (except public administration)
- Public administration

Community Enhancement Program — Enhance Your Community Stream
- Maximum amount : 2,000,000 $
- Up to 50% of project cost
- All industries

OTF — Family Innovations Test Grant
- Maximum amount : 100,000 $
- Up to 10% of project cost
- Health care and social assistance

Product and Market Development Program — Agri-Businesses
- Maximum amount : 30,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

CAAIN — 2024 – 2025 Open Competition
- Maximum amount : 3,000,000 $
- Up to 40% of project cost
- Agriculture, forestry, fishing and hunting

Alberta Export Expansion Program (AEEP)
- Up to 50% of project cost
- All industries

Tourism Market Readiness Subsidy Program
- Maximum amount : 2,500 $
- Up to 25% of project cost
- Accommodation and food services

Alberta Innovates — Tech2Farm
- Maximum amount : 500,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

FRWIP — Water Development Projects
- From $500 to $150,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Explore and Create — Professional Development for Artists
- Maximum amount : 10,000 $
- Arts, entertainment and recreation
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Alberta Innovates — Industry R&D Associates Program
- Maximum amount : 105,000 $
- Up to 25% of project cost
- Information and cultural industries
- Professional, scientific and technical services

Alberta Innovates — Digital Innovation in Clean Energy (DICE)
- Maximum amount : 250,000 $
- Up to 50% of project cost
- Mining, quarrying, and oil and gas extraction

CMF-SODEC — Predevelopment Program for Television Series Based on Literary Adaptations
- Maximum amount : 50,000 $
- Up to 75% of project cost
- Information and cultural industries

Organic Industry Development — Increasing Market Competitiveness
- Maximum amount : 60,000 $
- Up to 70% of project cost
- All industries

Strategic Investments Program — Nunavut Economic Foundations Fund
- No Condition
- All industries

CME’s Technology Investment Program
- Maximum amount : 50,000 $
- Up to 50% of project cost
- Manufacturing

Bee BC Program
- Maximum amount : 7,000 $
- Agriculture, forestry, fishing and hunting

Agri-Industry Development & Advancement — Business Development (Agricultural Organizations and Associations)
- Maximum amount : 100,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Alberta Innovates — Agri-Food and Bioindustrial Innovation Program
- Maximum amount : 500,000 $
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting
- Construction
- Manufacturing

Agri-Land Accessibility and Enhancement
- Maximum amount : 35,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Digital Health Sandbox
- Maximum amount : 300,000 $
- Professional, scientific and technical services
- Educational services
- Health care and social assistance
- Public administration

OMIF — Music Industry Initiatives
- From $10,000 to $300,000
- Up to 50% of project cost
- Information and cultural industries
- Arts, entertainment and recreation

CMF — Conceptualization Program
- Maximum amount : 15,000 $
- Up to 75% of project cost
- Information and cultural industries

Workforce Analysis and Planning Program (WAPP)
- Maximum amount : 400,000 $
- Up to 70% of project cost
- Agriculture, forestry, fishing and hunting

Launch Lab — Entrepreneurs In Residence (EIR)
- No Condition
- Professional, scientific and technical services

Podium Mines
- From $20,000 to $50,000
- Mining, quarrying, and oil and gas extraction
- Manufacturing

Export Market Access Program (EMAP)
- From $5,000 to $15,000
- Up to 45% of project cost
- All industries

Program to support the processing of end-of-life tires through reuse, recycling and energy recovery, as well as out-of-province processing.
- No Condition
- Administrative and support, waste management and remediation services
Manitoba Mineral Development Fund
- Maximum amount : 300,000 $
- Up to 30% of project cost
- Mining, quarrying, and oil and gas extraction

INOVAIT Pilot Fund
- From $100,000 to $150,000
- Up to 3333% of project cost
- Professional, scientific and technical services
- Health care and social assistance

Alberta — Value-Added Program
- From $50,000 to $250,000
- Up to 25% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

BC On-Farm Technology Adoption Program
- From $300 to $150,000
- Up to 65% of project cost
- Agriculture, forestry, fishing and hunting

Engage and Sustain — Artistic Catalysts
- Up to 50% of project cost
- Arts, entertainment and recreation

NGen — Feasibility Studies
- From $100,000 to $500,000
- Up to 50% of project cost
- Manufacturing
- Professional, scientific and technical services
- Educational services

EV ChargeON Program
- Maximum amount : 1,000,000 $
- Up to 75% of project cost
- Utilities
- Transportation and warehousing
- Public administration
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Business Incubation & Commercialization Grant Program
- Maximum amount : 100,000 $
- Up to 20% of project cost
- All industries

Investments in Forest Industry Transformation (IFIT) — Capital Investment Projects
- Minimum amount : 1,000,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

Canadian Experiences Fund (CEF)
- Up to 100% of project cost
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration

- No Condition
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Health care and social assistance

Renewable and Alternative Energy Program
- No Condition
- Mining, quarrying, and oil and gas extraction
- Utilities
- Construction
- Professional, scientific and technical services

AgriAssurance Program — Small and Medium-Sized Enterprises
- Maximum amount : 50,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Digital Main Street – Digital Service Squad Grant (DSS)
- No Condition
- Retail trade

Re-Skill Saskatchewan Training Subsidy
- From $1,000 to $5,000
- Up to 100% of project cost
- All industries

NGen — Cluster Accelerator Program
- Maximum amount : 100,000 $
- Up to 150% of project cost
- Manufacturing

Canadian Agriculture Technology Innovation R&D Partnering Delegation to Brazil
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Professional, scientific and technical services

NGen — Advanced Manufacturing Technology Program
- From $600,000 to $3,200,000
- Up to 40% of project cost
- Manufacturing

Tourism Product Diversification and Marketing Program — Product Development and Enhancement
- Maximum amount : 250,000 $
- Up to 15% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

Skills Development Fund (SDF) — Training Stream
- No Condition
- Construction
- Manufacturing

Val-Saint-François — Eco-responsible fund
- From $500 to $5,000
- Up to 75% of project cost
- Other services (except public administration)
- Public administration

OVIN — C/AV and Smart Mobility — Stream 1
- Maximum amount : 100,000 $
- Up to 50% of project cost
- Transportation and warehousing

Musicaction — Musical Showcases – Stream 2 - National Tour
- Maximum amount : 20,000 $
- Up to 75% of project cost
- Arts, entertainment and recreation

Canada - UK 2024-2025 multisector collaborative industrial research and development
- Maximum amount : 500,000 $
- Up to 50% of project cost
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance

Critical Minerals Innovation Fund
- Maximum amount : 500,000 $
- Up to 50% of project cost
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

Skills Development Fund (SDF) — Capital Stream — GROW Pathway
- Up to 49% of project cost
- Construction
- Manufacturing
- Health care and social assistance

Tourism Growth Program (TGP)
- Maximum amount : 250,000 $
- Up to 15% of project cost
- Arts, entertainment and recreation

The Low Carbon Economy Fund - Implementation Readiness Fund
- No Condition
- Public administration

CQRDA — PARTENAR-IA — Business
- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Construction
- Manufacturing

Ontario Automotive Modernization Program (O-AMP)
- Maximum amount : 150,000 $
- Up to 50% of project cost
- Manufacturing

INVEST North Program — Investment — Launch Stream
- Maximum amount : 200,000 $
- Up to 50% of project cost
- Construction
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

Saskatchewan Product Development Program (PDP)
- No Condition
- Agriculture, forestry, fishing and hunting
- Manufacturing