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.

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

Intellectual Property Ontario
Government of 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
Pacific Economic Development Canada (PacifiCan)- 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
Musicaction- Maximum amount : 40,000 $
- Up to 75% of project cost
- Arts, entertainment and recreation

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

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

Alberta Innovates — Product Demonstration Program
Government of Alberta- Maximum amount : 150,000 $
- Up to 75% of project cost
- Professional, scientific and technical services

Competitiveness Consulting Rebate
Northern Development Initiative Trust (NDIT)- 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

NBIF — Corporate Cleantech Innovation Fund
New Brunswick Innovation Foundation (NBIF)- Maximum amount : 160,000 $
- Up to 20% of project cost
- Manufacturing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

CAAIN — Livestock Innovation Program 2025
Canadian Agri-Food Automation and Intelligence Network (CAAIN)- Maximum amount : 500,000 $
- Up to 40% of project cost
- Agriculture, forestry, fishing and hunting

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

New Frontiers in Research Fund — International Stream
Canadian Institutes of Health Research (CIHR)- Maximum amount : 1,000,000 $
- Up to 25% of project cost
- Agriculture, forestry, fishing and hunting
- Professional, scientific and technical services
- Educational services
- Health care and social assistance

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

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

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

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

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

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

SSRIA – Innovation Fund
Smart Sustainable Resilient Infrastructure Association (SSRIA)- Maximum amount : 300,000 $
- Up to 70% of project cost
- Construction

Regional Development Fund — Regional Development Program
Government of Newfoundland and Labrador- Maximum amount : 10,000 $
- Up to 25% of project cost
- All industries

Arts in communities
Government of New Brunswick- No Condition
- All industries
- Maximum amount : 14,000 $
- Professional, scientific and technical services

Creating, Knowing and Sharing — Small-Scale Activities
Canada Council for the Arts (CCA)- Maximum amount : 3,000 $
- Arts, entertainment and recreation

C/AV and Smart Mobility — Stream 2
Ontario Vehicle Innovation Network (OVIN)- Maximum amount : 1,000,000 $
- Up to 66% of project cost
- Transportation and warehousing

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

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

OAC — Artists in Communities and Schools Projects
Ontario Arts Council (OAC)- Maximum amount : 20,000 $
- Educational services
- Arts, entertainment and recreation

Destruction of PFAS compounds in contaminated media
Innovation, Science and Economic Development Canada (ISED)- 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)
Gouvernement du Québec- Up to 100% of project cost
- Educational services
- Arts, entertainment and recreation

NGen — Advanced Manufacturing Projects
Next Generation Manufacturing Canada (NGen)- Up to 37% of project cost
- Manufacturing

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

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

FedDev — Regional Artificial Intelligence Initiative – Adoption Pillar 2 – Businesses
Federal Economic Development Agency for Southern Ontario (FedDev)- Maximum amount : 5,000,000 $
- Up to 50% of project cost
- Manufacturing
- Transportation and warehousing
- Finance and insurance
- Health care and social assistance

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

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

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

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

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

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

OAC — Literary Organizations Projects
Ontario Arts Council (OAC)- Maximum amount : 12,000 $
- Information and cultural industries
- Arts, entertainment and recreation

EcoAction — Stream 2: Freshwater Sustainability and Innovation across Canada
Canada Water Agency (CWA)- From $25,000 to $200,000
- Up to 50% of project cost
- Professional, scientific and technical services
- Educational services
- Other services (except public administration)
- Public administration

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

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

Disaster Financial Assistance Program — Small Business
Government of Nova Scotia- Maximum amount : 200,000 $
- All industries

Coast Funds Economic Development Fund
Coast Funds- No Condition
- All industries

NBIF Innovation Voucher
New Brunswick Innovation Foundation (NBIF)- From $10,000 to $80,000
- Up to 80% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

MAPAQ — Ministerial Initiative for Plant Productivity
Ministry of Agriculture, Fisheries and Food (MAPAQ)- From $5,000 to $50,000
- Up to 45% of project cost
- Agriculture, forestry, fishing and hunting

Inclusive Diversification and Economic Advancement in the North — Not-For-Profit
Canadian Northern Economic Development Agency (CanNor)- No Condition
- All industries

Kakivak Association — Sivummut Grants to Small Businesses
Kakivak Association- Up to 81% of project cost
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)

Alberta Manufacturing Productivity Grant (AMPG)
Government of Alberta- Maximum amount : 30,000 $
- Up to 50% of project cost
- All industries
Access over 4000 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.

ventureLAB — Accelerate AI
ventureLAB- No Condition
- Information and cultural industries
- Professional, scientific and technical services

EPRTNT — Digital development of a company
Tourisme Cantons-de-l'Est- From $10,000 to $30,000
- Up to 30% of project cost
- Accommodation and food services

Canada–UK 2023-24 critical minerals sustainability and circularity
National Research Council Canada (NRC)- Maximum amount : 500,000 $
- Up to 50% of project cost
- Mining, quarrying, and oil and gas extraction
- Manufacturing

Toronto Circular Food Innovators Fund
City of Toronto- From $5,000 to $35,000
- Up to 75% of project cost
- Accommodation and food services

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

Multi-Species Research and Development Fund
Department of Fisheries, Forestry and Agriculture- Maximum amount : 50,000 $
- Up to 90% of project cost
- Agriculture, forestry, fishing and hunting

CQDM — PARTENAR-IA — Industry
Quebec Consortium for Drug Discovery (CQDM)- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- All industries

Musicaction — International Commercialization – Stream 2 - Career development in a target market
Musicaction- Maximum amount : 50,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

Aero Montreal — Accelerator 360°
Aéro Montreal- Up to 63% of project cost
- Manufacturing
- Transportation and warehousing

Nunavut Mine Training Fund
Government of Nunavut- No Condition
- Mining, quarrying, and oil and gas extraction

Grow Ontario Market Initiative
Sustainable Canadian Agricultural Partnership (SCAP)- Maximum amount : 60,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Wholesale trade

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

Commercialization, Consulting and Mentoring
LearnSphere- Maximum amount : 16,250 $
- Up to 65% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Construction

Technology Funding
Emissions Reduction Alberta (ERA)- No Condition
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Manufacturing

Energy Savings for Business Program
Government of Alberta- From $500 to $250,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Utilities
- Manufacturing
- Retail trade

Matching Investment Fund
Canadian Dairy Commission (CDC)- Maximum amount : 150,000 $
- Up to 50% of project cost
- Manufacturing

General Business Loans
Two Rivers Community Development Centre- Maximum amount : 1,150,000 $
- Up to 90% of project cost
- All industries

Alberta Media Fund — Alberta Made Production Grant
Government of Alberta- Maximum amount : 125,000 $
- Up to 25% of project cost
- Arts, entertainment and recreation

Official Languages Economic Development Initiative in Quebec — Not-for-profit
Canada Economic Development for Quebec Regions (CED)- Up to 50% of project cost
- Other services (except public administration)
- Public administration

Listen, Hear Our Voices — Small projects
Library and Archives Canada (LAC)- Maximum amount : 25,000 $
- Up to 100% of project cost
- Information and cultural industries

MTRIC — Start Program
Metal Transformation Research and Innovation Consortium (MTRIC)- Maximum amount : 10,000 $
- Up to 70% of project cost
- Manufacturing

Nature Smart Climate Solutions Fund
Government of Canada- Minimum amount : 75,000 $
- Agriculture, forestry, fishing and hunting

Yukon Film Predevelopment Fund
Government of Yukon- From $15,000 to $15,000
- Up to 75% of project cost
- Information and cultural industries
- Arts, entertainment and recreation

Alberta Innovates — Enabling Better Health through Artificial Intelligence
Alberta Innovates- Maximum amount : 800,000 $
- Health care and social assistance

ACOA Aerospace Regional Recovery Initiative — Indigenous Stream
Atlantic Canada Opportunities Agency (ACOA)- Up to 100% of project cost
- Manufacturing
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.

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

Ville de La Tuque — RRF stream 4 - Support for vitality
Ville de La Tuque- Maximum amount : 100,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Retail trade
- Accommodation and food services
- Other services (except public administration)

Johansen Larsen Foundation
Johansen-Larsen Foundation (JLF)- Maximum amount : 10,000 $
- Health care and social assistance

CQRDA — PARTENAR-IA — Academic
Centre québécois de recherche et de développement de l’aluminium (CQRDA)- Maximum amount : 1,500,000 $
- Up to 40% of project cost
- Manufacturing
- Professional, scientific and technical services

Tourism Growth Program in southern Ontario
Federal Economic Development Agency for Southern Ontario (FedDev)- Maximum amount : 250,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

Community Tourism Destination Development Fund
Government of Yukon- Maximum amount : 375,000 $
- Up to 75% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

OCI — Innovating Digital Health Solutions (IDHS)
Ontario Centre of Innovation (OCI)- Maximum amount : 500,000 $
- Up to 50% of project cost
- Information and cultural industries
- Health care and social assistance

Tourism Growth Program in Atlantic Canada
Atlantic Canada Opportunities Agency (ACOA)- Up to 15% of project cost
- Accommodation and food services

EUREKA!
National Research Council Canada (NRC)- No Condition
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

INVEST North Program — Investment – Locate Stream
Northern Ontario Heritage Fund Corporation (NOHFC)- Maximum amount : 5,000,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

OCI — ENCQOR 5G Technology Development (SME) Program
Ontario Centre of Innovation (OCI)- Up to 100% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

innovÉÉ — Demonstration in a real environment
innovÉÉ- Maximum amount : 350,000 $
- Up to 50% of project cost
- Transportation and warehousing

OCI — Technology Demonstration Program (TDP)
Ontario Centre of Innovation (OCI)- Maximum amount : 150,000 $
- Up to 50% of project cost
- Manufacturing
- Retail trade
- Information and cultural industries
- Professional, scientific and technical services

Smart Agriculture Living Lab Call for Proposal
Centre of Excellence in Next Generation Networks (CENGN)- Maximum amount : 100,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

ACOA — Aerospace Regional Recovery Initiative
Atlantic Canada Opportunities Agency (ACOA)- Up to 100% of project cost
- Manufacturing

Kakivak Association — Small Tool Grants
Kakivak Association- Maximum amount : 25,000 $
- Arts, entertainment and recreation
- Accommodation and food services

Transal — Alu 4.0, Digital Locomotive
Transal- Maximum amount : 400,000 $
- Up to 46.3% of project cost
- Manufacturing

Transal — Consortium TIC
Transal- Up to 15% of project cost
- Manufacturing

CFI — John R. Evans Leaders Fund (JELF)
Canada Foundation for Innovation (CFI)- Maximum amount : 800,000 $
- Up to 30% of project cost
- Professional, scientific and technical services
- Educational services
- Health care and social assistance

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

Trade Mission Support Program
Ontario's North Economic Development Corporation- Maximum amount : 10,000 $
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Transportation and warehousing
- Information and cultural industries

Small Business Support Program — Sustainable Livelihood Fund
Government of Nunavut- No Condition
- Agriculture, forestry, fishing and hunting
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services

SODEC — Support for entrepreneurial development — Stream 1
Société de développement des entreprises culturelles (SODEC)- Maximum amount : 75,000 $
- Up to 50% of project cost
- Information and cultural industries

Trade Commissioner Service — CanExport Associations
Global Affairs Canada (GAC)- From $20,000 to $250,000
- Up to 50% of project cost
- All industries

Toronto Main Street Innovation Fund
City of Toronto- From $25,000 to $100,000
- All industries
