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.

Regions and Rurality Fund (RRF) - Component 2 - Support for local and regional development skills
Gouvernement du Québec- No Condition
- All industries

Innovation in Quantum Technologies — Stream 1
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)- Maximum amount : 150,000 $
- Up to 50% of project cost
- Professional, scientific and technical services

MRC Bécancour — Social Economy Fund (SEF)
MRC Bécancour- No Condition
- Manufacturing
- Retail trade
- Other services (except public administration)
- Public administration

MRC Charlevoix-Est — Business Support
MRC Charlevoix-Est- Maximum amount : 150,000 $
- Up to 50% of project cost
- All industries

Musicaction — Canvassing
Musicaction- Maximum amount : 10,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

PME MTL — New Community Businesses
PME MTL- From $23,000 to $23,000
- All industries

MRC Nicolet-Yamaska — Signature project (FRR part 3)
MRC Nicolet-Yamaska- No Condition
- Agriculture, forestry, fishing and hunting

Tourism Relief Fund (TRF)
Innovation, Science and Economic Development Canada (ISED)- Maximum amount : 500,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

PME MTL — Funds for Retail businesses
PME MTL- Maximum amount : 25,000 $
- Up to 80% of project cost
- Retail trade

Rio Tinto Aluminium Valley Fund
Société de la Vallée de l’Aluminium (SVA)- Maximum amount : 25,000 $
- Up to 50% of project cost
- Manufacturing

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

MRC Maskinongé — Programme DÉPART
MRC de Maskinongé- No Condition
- All industries

Developing a green alley or public space in CDN-NDG
City of Montreal (MTL)- No Condition
- Other services (except public administration)
- Public administration

Innovation PEI Small Business Assistance
Government of Prince Edward Island- Maximum amount : 4,000 $
- Up to 50% of project cost
- All industries

Business Energy Rebates
Efficiency Nova Scotia- Maximum amount : 4,000 $
- Up to 50% of project cost
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration

Yukon Tourism Training Fund
Tourism Industry Association of the Yukon- Up to 75% of project cost
- Accommodation and food services

Racialized and Indigenous Supports for Entrepreneurs (RAISE)
Government of Ontario- Maximum amount : 10,000 $
- Retail trade
- Accommodation and food services

Workforce Training and Employment — Employment Partnerships
Government of Manitoba- No Condition
- All industries

Accelerating Innovations into CarE (AICE) – Validate
Alberta Innovates- Maximum amount : 300,000 $
- Up to 25% of project cost
- Health care and social assistance

Ontario Junior Exploration Program
Government of Ontario- Maximum amount : 200,000 $
- Up to 50% of project cost
- Mining, quarrying, and oil and gas extraction

Sustainable Growth Investment — Young Entrepreneurs
La Financière agricole (FADQ)- Maximum amount : 45,000 $
- Agriculture, forestry, fishing and hunting

Skills for Success Program — Training and Tools Stream
Employment and Social Development Canada (ESDC)- No Condition
- All industries

Alberta Innovates — Alberta Digital Traction Program
Government of Alberta- Maximum amount : 50,000 $
- Up to 75% of project cost
- Information and cultural industries
- Professional, scientific and technical services

Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations
Federal Economic Development Agency for Southern Ontario (FedDev)- Minimum amount : 125,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services

Agri-Food Supply Chain Infrastructure Investment Stream
Agricultural Adaptation Council (AAC)- Maximum amount : 150,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Wholesale trade
- Retail trade
Discover how much grant funding is available for your business
Subsidize your projects with grants!
Use our free grant estimator to quickly identify the available grant amounts for which your company may be eligible.

Musicaction — Incubator project
Musicaction- No Condition
- Arts, entertainment and recreation

NADF Financing
Nishnawbe Aski Development Fund- Maximum amount : 500,000 $
- All industries

First Nations Clean Energy Business Fund — Capacity Funding
Government of British Columbia- Maximum amount : 500,000 $
- Up to 37.5% of project cost
- Utilities

Small Business Support Program — Small Business Opportunities Fund
Government of Nunavut- No Condition
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services

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

Indigenous Employment Training Partnerships Program
Government of Alberta- No Condition
- All industries

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

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

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

Artificial Intelligence Behaviour Monitoring Solution
Innovation, Science and Economic Development Canada (ISED)- Maximum amount : 1,000,000 $
- Public administration

The Newfoundland and Labrador Disaster Financial Assistance Program (NL-DFAP)
Government of Newfoundland and Labrador- Up to 70% of project cost
- Agriculture, forestry, fishing and hunting
- Other services (except public administration)
- Public administration

CAAIN — 2024 Smart Farm Network Competition
Canadian Agri-Food Automation and Intelligence Network (CAAIN)- Maximum amount : 1,000,000 $
- Up to 40% of project cost
- Agriculture, forestry, fishing and hunting

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

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

Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 2
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)- Maximum amount : 350,000 $
- Up to 30% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

Business / Arts - artsvest Regional
artsvest; Business for the Arts; Council for Business & Arts in Canada- Maximum amount : 5,000 $
- Arts, entertainment and recreation

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

Regional Artificial Intelligence Initiative (RAII) in the Prairie Provinces
Prairies Economic Development Canada (PrairiesCan)- From $250,000 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

Ontario Labour Market Partnerships (OLMP)
Ministry of Colleges and Universities- No Condition
- All industries

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

OTF — Family Innovations Scale Grant
Ontario Trillium Foundation (OTF)- Maximum amount : 150,000 $
- Health care and social assistance

thriveFORWARD
Northumberland Community Futures Development Corporation (NCFDC)- Maximum amount : 100,000 $
- Up to 50% of project cost
- All industries

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

Ontario Dairy Processing Modernization Initiative
Sustainable Canadian Agricultural Partnership (SCAP)- Maximum amount : 200,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

NGen — Advanced Manufacturing Homebuilding Challenge
Next Generation Manufacturing Canada (NGen)- No Condition
- Manufacturing
Access over 10 000 different funding opportunities
Try the helloDarwin platform today and find programs that fit your needs
The helloDarwin application makes it easy to unlock grants so your business can grow faster—with less hassle and more impact.

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

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

AFA — Theatre Individual Project Funding
Alberta Foundation for the Arts (AFA)- Maximum amount : 18,000 $
- Arts, entertainment and recreation

PacifiCan — Aerospace Regional Recovery Initiative — Indigenous Stream
Pacific Economic Development Canada (PacifiCan)- No Condition
- Manufacturing

Innovate BC — BC Fast Pilot program
Government of British Columbia- Maximum amount : 200,000 $
- Manufacturing
- Professional, scientific and technical services
- Other services (except public administration)
- Public administration

AFA — Public Art Galleries Operating Funding
Alberta Foundation for the Arts (AFA)- Up to 22% of project cost
- Arts, entertainment and recreation

Skills for Success Program — Research and Innovation Stream
Employment and Social Development Canada (ESDC)- 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
innovÉÉ- 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
City of Vancouver- 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
Government of Manitoba- No Condition
- All industries

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

Eurogia Cluster's 29th Call for proposals – Clean Technologies
National Research Council Canada (NRC)- No Condition
- Utilities
- Construction
- Manufacturing
- Information and cultural industries

Innovative Solutions Canada — Zero emissions technologies for industrial process heating
National Research Council Canada (NRC)- Maximum amount : 1,500,000 $
- Manufacturing

Northern Industries Innovation Fund
Northern Development Initiative Trust (NDIT)- 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
Innovation Guelph- From $200,000 to $10,000
- All industries

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

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

EcoAction — Stream 1: Community-led freshwater action across Canada
Canada Water Agency (CWA)- From $25,000 to $100,000
- Up to 50% of project cost
- Administrative and support, waste management and remediation services
- Educational services

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

Rural Economic Diversification and Infrastructure Program (REDIP)
Government of British Columbia- 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
Government of Ontario- Maximum amount : 2,000,000 $
- Up to 50% of project cost
- All industries

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

CAAIN — 2024 – 2025 Open Competition
Canadian Agri-Food Automation and Intelligence Network (CAAIN)- Maximum amount : 3,000,000 $
- Up to 40% of project cost
- Agriculture, forestry, fishing and hunting

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

Tremplin Grant – Indigenous Arts
Conseil des arts de Montréal- Maximum amount : 3,000 $
- Up to 100% of project cost
- Arts, entertainment and recreation
Find tailored funding for your business
Discover more grants on the helloDarwin platform
Look through over 4,000 grants, tax credits, loans and more financial aid on the helloDarwin application.

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

Explore and Create — Professional Development for Artists
Canada Council for the Arts (CCA)- Maximum amount : 10,000 $
- Arts, entertainment and recreation

Alberta Innovates — Industry R&D Associates Program
Alberta Innovates- 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)
Alberta Innovates- 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
Canada Media Fund (CMF)- Maximum amount : 50,000 $
- Up to 75% of project cost
- Information and cultural industries

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

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

CME’s Technology Investment Program
Federal Economic Development Agency for Southern Ontario (FedDev)- Maximum amount : 50,000 $
- Up to 50% of project cost
- Manufacturing

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

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

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

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

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

Innovation Growth Program
Government of Manitoba- Maximum amount : 100,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

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

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

Podium Mines
Sous-traitance industrielle Québec (STIQ)- From $20,000 to $50,000
- Mining, quarrying, and oil and gas extraction
- Manufacturing

Export Market Access Program (EMAP)
LearnSphere- 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.
Recyc-Québec- No Condition
- Administrative and support, waste management and remediation services

INOVAIT Pilot Fund
INOVAIT Canada- 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
Government of Alberta- From $50,000 to $250,000
- Up to 25% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

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

Engage and Sustain — Artistic Catalysts
Canada Council for the Arts (CCA)- Up to 50% of project cost
- Arts, entertainment and recreation

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

MEDTEQ+ — PARTENAR-IA — Academic
Consortium de recherche et d’innovation en technologies médicales du Québec- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- Transportation and warehousing
- Health care and social assistance