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.

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

EV ChargeON Program
Government of Ontario- Maximum amount : 1,000,000 $
- Up to 75% of project cost
- Utilities
- Transportation and warehousing
- Public administration

Business Incubation & Commercialization Grant Program
City of Toronto- Maximum amount : 100,000 $
- Up to 20% of project cost
- All industries

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

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

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

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

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

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

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

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

Small Business Recovery (SBR) Consulting Rebate
Northern Development Initiative Trust (NDIT)- 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

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

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

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

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

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

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

Critical Minerals Innovation Fund
Government of Ontario- 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
Government of Ontario- Up to 49% of project cost
- Construction
- Manufacturing
- Health care and social assistance

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

CQRDA — PARTENAR-IA — Business
Centre québécois de recherche et de développement de l’aluminium (CQRDA)- 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

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

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

Alberta Media Fund — Project Script Development Grant
Government of Alberta- Maximum amount : 55,000 $
- Information and cultural industries
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NGen — Pilot Projects
Next Generation Manufacturing Canada (NGen)- From $50,000 to $200,000
- Up to 50% of project cost
- Manufacturing
- Professional, scientific and technical services

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

Equity Investors Incentive
Government of Prince Edward Island- Maximum amount : 200,000 $
- Up to 20% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation

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

Innovation and Development Labour Rebate Program
Government of Prince Edward Island- No Condition
- All industries

Alberta Innovates — Industry Commercialization Associates
Alberta Innovates- 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
Ontario Vehicle Innovation Network (OVIN)- Maximum amount : 1,000,000 $
- Up to 33% of project cost
- Manufacturing
- Transportation and warehousing
- Information and cultural industries
- Professional, scientific and technical services

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

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

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

Big Future Innovation Grant
Credit Unions of Alberta- Maximum amount : 25,000 $
- All industries

Honorific grants 2024 — Entreprendre ici
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)- Maximum amount : 25,000 $
- All industries

Northern Indigenous Economic Opportunities Program — Community Readiness and Opportunities Planning
Canadian Northern Economic Development Agency (CanNor)- No Condition
- All industries

Listen, Hear Our Voices — Large projects
Library and Archives Canada (LAC)- 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
Canadian Heritage- No Condition
- Information and cultural industries

Community Participation Funding Program (CPFP)
Transport Canada (TC)- Maximum amount : 5,000 $
- Transportation and warehousing

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

INNOGEC
City of Montreal (MTL)- No Condition
- All industries

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

AFA — Community Support Organizations Operating Funding
Alberta Foundation for the Arts (AFA)- No Condition
- Arts, entertainment and recreation

Yukon Venture Loan Guarantee Program
Government of Yukon- From $10,000 to $100,000
- Up to 65% of project cost
- All industries

OMIF — Live Music
Government of Ontario- Minimum amount : 10,000 $
- Arts, entertainment and recreation

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

2 Billion Trees Program
Natural Resources Canada (NRCan)- No Condition
- Agriculture, forestry, fishing and hunting

Canada - UK 2024-2025 multisector collaborative industrial research and development
National Research Council Canada (NRC)- Maximum amount : 500,000 $
- Up to 50% of project cost
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
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Canada Digital Adoption Program — Boost Your Business Technology — Digital Advisors
Innovation Canada- Maximum amount : 15,000 $
- Up to 90% of project cost
- Manufacturing

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

Alberta Innovates — R&D Associates Program
Government of Alberta- 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
Government of Ontario- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

Genome Funding Opportunities
Genome British Columbia- No Condition
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Health care and social assistance

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

Tourism Growth Program in British Columbia
Pacific Economic Development Canada (PacifiCan)- 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

PRIMA — INNOV-R SME
Advanced Materials Research and Innovation Hub (PRIMA)- 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
Next Generation Manufacturing Canada (NGen)- From $1,000,000 to $2,000,000
- Up to 40% of project cost
- Manufacturing

Economic Development Fund — Tier 1
Government of Yukon- Maximum amount : 500,000 $
- Up to 75% of project cost
- All industries

MRC Beauce-Centre — E-commerce assistance program
MRC Beauce-Centre- Maximum amount : 10,000 $
- Up to 50% of project cost
- Retail trade
- Other services (except public administration)
- Public administration

SMART Cluster’s 8th call for proposals – advanced manufacturing
National Research Council Canada (NRC)- No Condition
- Manufacturing

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

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

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

Innovative Solutions Canada - Vehicle theft prevention
Innovation, Science and Economic Development Canada (ISED)- Maximum amount : 150,000 $
- Professional, scientific and technical services

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

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

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

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

Innovative Solutions Canada — Inclusive industrial protective headwear
National Research Council Canada (NRC)- Maximum amount : 300,000 $
- Utilities
- Construction
- Manufacturing

CleanBC — Custom-Lite Program
CleanBC- Maximum amount : 84,000 $
- Up to 50% of project cost
- Utilities

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

Carbon Capture Kickstart
Government of Alberta- 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
Natural Sciences and Engineering Research Council of Canada (NSERC)- Maximum amount : 150,000 $
- Up to 50% of project cost
- Professional, scientific and technical services
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Xecs call 4 – electronic components and systems
National Research Council Canada (NRC)- 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
Canada Media Fund (CMF)- Maximum amount : 20,000 $
- Up to 75% of project cost
- Information and cultural industries

Alberta Innovates — Strategic Networking and Development Program
Alberta Innovates- Maximum amount : 25,000 $
- Professional, scientific and technical services

INVEST North Program — Innovation – Industrial Research Chair
Government of Ontario- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Professional, scientific and technical services
- Educational services

Community Investment Fund
Government of New Brunswick- From $500 to $65,000
- Up to 75% of project cost
- All industries

Small Cidery Program
Agricorp- Maximum amount : 220,000 $
- Agriculture, forestry, fishing and hunting
- Manufacturing

PacifiCan — Lytton Business Restart Program
Pacific Economic Development Canada (PacifiCan)- 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
Mitacs- Maximum amount : 10,000 $
- Professional, scientific and technical services
- Educational services

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

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

NGen — Cluster Accelerator Program
Next Generation Manufacturing Canada (NGen)- Maximum amount : 100,000 $
- Up to 150% of project cost
- Manufacturing
Manitoba Mineral Development Fund
Manitoba Chambers of Commerce- Maximum amount : 300,000 $
- Up to 30% of project cost
- Mining, quarrying, and oil and gas extraction

Apprenticeship START
Government of Nova Scotia- Maximum amount : 25,000 $
- All industries

Lab Services Incentive Program (LSIP)
Emissions Reduction Alberta (ERA)- 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
Government of Alberta- Maximum amount : 10,000 $
- Up to 75% of project cost
- Professional, scientific and technical services

Évolution-Compétences — Innovation and knowledge component
Commission des partenaires du marché du travail (CPMT)- Up to 100% of project cost
- All industries

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

Tourism Development Fund (TDF)
Government of Ontario- Maximum amount : 25,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

Business Development Support Program
Government of Newfoundland and Labrador- 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)
Government of Nova Scotia- No Condition
- All industries

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

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

Community Capacity Fund
Central Development Corporation- No Condition
- Professional, scientific and technical services

Experience Ontario 2025
Government of Ontario- 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
Musicaction- Maximum amount : 100,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation