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.

Alberta Media Fund — Project Script Development Grant
- Maximum amount : 55,000 $
- Information and cultural industries

Mississauga Foundation - Hazel McCallion Fund for Arts, Culture and Heritage
- Maximum amount : 15,000 $
- All industries

NGen — Pilot Projects
- From $50,000 to $200,000
- Up to 50% of project cost
- Manufacturing
- Professional, scientific and technical services

- Maximum amount : 200,000 $
- Up to 20% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation

Tourism Growth Program in British Columbia
- Maximum amount : 250,000 $
- Up to 15% of project cost
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration

Indigenous Economic Development Fund — Business and Community Fund
- No Condition
- All industries

PME MTL — Social Initiatives
- From $5,000 to $50,000
- All industries

Innovation and Development Labour Rebate Program
- No Condition
- All industries

Alberta Innovates — Industry Commercialization Associates
- Maximum amount : 120,000 $
- Up to 75% of project cost
- Professional, scientific and technical services

OVIN — R&D Partnership Fund – Advanced Charging and Vehicle-to-Grid (V2G) Stream
- Maximum amount : 1,000,000 $
- Up to 33% of project cost
- Manufacturing
- Transportation and warehousing
- Information and cultural industries
- Professional, scientific and technical services

Manitoba — Incoming Buyer Program
- Maximum amount : 2,000 $
- Up to 50% of project cost
- Wholesale trade

JEDI — Aboriginal Development Fund — CED
- Maximum amount : 16,000 $
- Up to 50% of project cost
- All industries

Canada United Small Business Relief Fund
- Maximum amount : 5,000 $
- Agriculture, forestry, fishing and hunting
- Retail trade
- Other services (except public administration)
- Public administration

Emerging Innovators Challenge
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

SMART Cluster’s 8th call for proposals – advanced manufacturing
- No Condition
- Manufacturing

- No Condition
- Agriculture, forestry, fishing and hunting

Honorific grants 2024 — Entreprendre ici
- Maximum amount : 25,000 $
- All industries

Northern Indigenous Economic Opportunities Program — Community Readiness and Opportunities Planning
- No Condition
- All industries

Listen, Hear Our Voices — Large projects
- From $25,000 to $100,000
- Up to 85% of project cost
- Information and cultural industries

Canada Book Fund Publishers Business Development — Business Planning — Aboriginal or Official Language Minority Firms
- No Condition
- Information and cultural industries

Capitalization of Social Economy Enterprises (CAES) — Stream 1
- From $25,000 to $1,000,000
- Up to 35% of project cost
- Other services (except public administration)
- Public administration

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

INNOGEC
- No Condition
- All industries

Entrepreneurship and Innovation Fund — Small Businesses or Entrepreneurs Developing Agri-tech and Cleantech Solutions
- Maximum amount : 10,000 $
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Professional, scientific and technical services

AFA — Community Support Organizations Operating Funding
- No Condition
- Arts, entertainment and recreation
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- From $10,000 to $100,000
- Up to 65% of project cost
- All industries

- Minimum amount : 10,000 $
- Arts, entertainment and recreation

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

Ontario Dairy Processing Modernization Initiative
- Maximum amount : 200,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

Canada Digital Adoption Program — Boost Your Business Technology — Digital Advisors
- Maximum amount : 15,000 $
- Up to 90% of project cost
- Manufacturing

Small Business Support Program — Entrepreneur Development Fund
- No Condition
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)

Alberta Innovates — R&D Associates Program
- Maximum amount : 105,000 $
- Up to 25% of project cost
- Information and cultural industries
- Professional, scientific and technical services

Food Security and Supply Chain Fund
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

AFA — Artist Manager Program Funding
- Maximum amount : 5,000 $
- Up to 100% of project cost
- Arts, entertainment and recreation

PRIMA — INNOV-R SME
- Maximum amount : 450,000 $
- Up to 50% of project cost
- Utilities
- Manufacturing
- Transportation and warehousing
- Professional, scientific and technical services

NGen — Advanced Manufacturing Quantum Program
- From $1,000,000 to $2,000,000
- Up to 40% of project cost
- Manufacturing

- Maximum amount : 500,000 $
- Up to 75% of project cost
- All industries

Staffing UP
- Up to 60% of project cost
- All industries

LRCC — Business Grant & Loan Program
- Maximum amount : 99,999 $
- Up to 10% of project cost
- All industries

Organic Industry Development — Specialized Equipment
- From $400 to $60,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Innovative Solutions Canada - Vehicle theft prevention
- Maximum amount : 150,000 $
- Professional, scientific and technical services

Ontario Transit Investment Fund (OTIF)
- Up to 50% of project cost
- Transportation and warehousing

CFIN NextGen Food Innovators
- From $5,000 to $10,000
- Up to 100% of project cost
- Accommodation and food services

Innovative Solutions Canada — Inclusive industrial protective headwear
- Maximum amount : 300,000 $
- Utilities
- Construction
- Manufacturing

STIP — Community Airport Program
- Up to 75% of project cost
- Transportation and warehousing

Carbon Capture Kickstart
- Maximum amount : 5,000,000 $
- Up to 10% of project cost
- Mining, quarrying, and oil and gas extraction
- Utilities
- Manufacturing
- Public administration

Campus Alberta Small Business Engagement (CASBE) Program
- Maximum amount : 150,000 $
- Up to 50% of project cost
- Professional, scientific and technical services

Xecs call 4 – electronic components and systems
- No Condition
- Agriculture, forestry, fishing and hunting
- Transportation and warehousing
- Information and cultural industries
- Health care and social assistance

Ontario Creates-CMF — IDM Futures Forward Program
- Maximum amount : 20,000 $
- Up to 75% of project cost
- Information and cultural industries

Alberta Innovates — Strategic Networking and Development Program
- Maximum amount : 25,000 $
- Professional, scientific and technical services
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INVEST North Program — Innovation – Industrial Research Chair
- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Professional, scientific and technical services
- Educational services

MaRS — Supply AI
- No Condition
- Manufacturing
- Transportation and warehousing
- Professional, scientific and technical services

- From $500 to $65,000
- Up to 75% of project cost
- All industries

PacifiCan — Lytton Business Restart Program
- Maximum amount : 1,000,000 $
- Retail trade
- Health care and social assistance
- Accommodation and food services
- Other services (except public administration)

Advancing Canada’s Engagement in Horizon Europe
- Maximum amount : 10,000 $
- Professional, scientific and technical services
- Educational services

Alberta Innovates — Commercialization Associates Program
- Maximum amount : 120,000 $
- Up to 75% of project cost
- Professional, scientific and technical services

Cranberry Industry Development Program (CIDP)
- Maximum amount : 45,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Apprenticeship START
- Maximum amount : 25,000 $
- All industries

Lab Services Incentive Program (LSIP)
- Maximum amount : 100,000 $
- Up to 60% of project cost
- Mining, quarrying, and oil and gas extraction
- Utilities
- Professional, scientific and technical services
- Educational services

Alberta Innovates — Micro Voucher Program
- Maximum amount : 10,000 $
- Up to 75% of project cost
- Professional, scientific and technical services

Évolution-Compétences — Innovation and knowledge component
- Up to 100% of project cost
- All industries

Neighbourhood Planting Program
- Maximum amount : 500 $
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Other services (except public administration)

Business Development Support Program
- Maximum amount : 100,000 $
- Up to 50% of project cost
- Manufacturing
- Wholesale trade
- Professional, scientific and technical services
- Other services (except public administration)

Workplace Education Initiative (WEI)
- No Condition
- All industries

BioCreate Program
- From $100,000 to $150,000
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Professional, scientific and technical services
- Health care and social assistance

- No Condition
- Professional, scientific and technical services

Experience Ontario 2025
- Maximum amount : 125,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

Musicaction — Artist career, skills and business development
- Maximum amount : 100,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

Protein Industries Canada — Strengthening the Canadian Supply Chain Program
- From $50,000 to $150,000
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

Intellectual Property Ontario
- Up to 80% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Professional, scientific and technical services

Regional Quantum Initiative in British Columbia
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services

Musicaction — Musical Showcases – Stream 3 - National Showcase and Tour
- Maximum amount : 40,000 $
- Up to 75% of project cost
- Arts, entertainment and recreation

Accelerating Innovations into CarE (AICE) – Market Access
- Maximum amount : 600,000 $
- Up to 75% of project cost
- Health care and social assistance

Accelerating Innovations into CarE (AICE) – Concepts
- Maximum amount : 600,000 $
- Health care and social assistance

Alberta Innovates — Product Demonstration Program
- Maximum amount : 150,000 $
- Up to 75% of project cost
- Professional, scientific and technical services
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- From $2,000 to $30,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Manufacturing

CAAIN — Livestock Innovation Program 2025
- Maximum amount : 500,000 $
- Up to 40% of project cost
- Agriculture, forestry, fishing and hunting

Revitalising and developing business establishments in the city centre
- Maximum amount : 30,000 $
- Up to 50% of project cost
- Retail trade

Toronto Retail Accelerator Program
- Maximum amount : 10,000 $
- Retail trade

Programme d’appui au développement des secteurs stratégiques et des créneaux d’excellence (PADS)
- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- Manufacturing

Canada-Japan Corporate Co-innovation Program
- Maximum amount : 75,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Transportation and warehousing
- Information and cultural industries

SSRIA – Innovation Fund
- Maximum amount : 300,000 $
- Up to 70% of project cost
- Construction

- No Condition
- All industries

Volta AI
- Maximum amount : 14,000 $
- Professional, scientific and technical services

Creating, Knowing and Sharing — Small-Scale Activities
- Maximum amount : 3,000 $
- Arts, entertainment and recreation

C/AV and Smart Mobility — Stream 2
- Maximum amount : 1,000,000 $
- Up to 66% of project cost
- Transportation and warehousing

Active Communities Initiative
- From $50,000 to $1,500,000
- Up to 50% of project cost
- Arts, entertainment and recreation

PacifiCan Business Acceleration Pilot (BizAP)
- Up to 50% of project cost
- All industries

Destruction of PFAS compounds in contaminated media
- Maximum amount : 200,000 $
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

Financial assistance program for regional service units in the areas of recreation, sports, outdoor activities, and physical activity (PAFURS)
- Up to 100% of project cost
- Educational services
- Arts, entertainment and recreation

NGen — Advanced Manufacturing Projects
- Up to 37% of project cost
- Manufacturing

Canada Digital Adoption Program — Grow Your Business Online
- Maximum amount : 2,400 $
- Up to 20% of project cost
- Retail trade

NGen — Cluster Building Project
- Maximum amount : 150,000 $
- Up to 50% of project cost
- Manufacturing

Toronto — Capacity Buyback Program
- No Condition
- Manufacturing
- Wholesale trade
- Retail trade
- Educational services

Indigenous Cannabis Business Fund — Business Planning, Design, and Capital
- Maximum amount : 250,000 $
- Manufacturing
- Retail trade

i.d.e.a. Fund
- No Condition
- Manufacturing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

Local Food Infrastructure Fund – Small Scale Projects
- From $25,000 to $500,000
- Up to 100% of project cost
- Agriculture, forestry, fishing and hunting

Alberta Innovates — International Technology Partnership (ITP) Program
- Maximum amount : 250,000 $
- Up to 100% of project cost
- Professional, scientific and technical services

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

Capital Project Grants - Social Policy - Social Medium Capital Grants
- From $25,000 to $50,000
- Up to 50% of project cost
- Health care and social assistance
- Other services (except public administration)
- Public administration