Open
Source verified August 12, 2026
Large Enterprise Tariff Loan (LETL)
Liquidity financing for large Canadian enterprises
Latest source updateLast Update: August 10, 2026Latest change: The LETL factsheet and overview now show a 24-month liquidity coverage period, remove the $30 million minimum loan size, and revise eligibility and loan terms.View change
Latest source update
Last Update: August 10, 2026
Latest change: The LETL factsheet and overview now show a 24-month liquidity coverage period, remove the $30 million minimum loan size, and revise eligibility and loan terms.
LETL factsheet updated with new eligibility and loan terms
The LETL factsheet now shows a 24-month liquidity and operating needs period instead of 36 months, and the overview now describes a 24-month liquidity shortfall period. The minimum loan amount was removed, and the eligibility language now adds explicit viability, no bankruptcy or insolvency filing, and traditional market-financing conditions for applicants. Loan terms were also revised: the availability period is now 24 months, the loan term may be up to 10 years, and the interest rate is now set using CEEFC’s risk assessment with a floor of Canada’s 10-year bond rate plus 25 basis points. The factsheet also updates use-of-proceeds limits, including new restrictions on refinancing existing debt and on major acquisitions, expansion projects, or new ventures.
Funding available
$ 30,000,000
Deadline
Open continuously
Location
Canada
Overview
The Large Enterprise Tariff Loan (LETL) facility provides liquidity assistance through interest-bearing term loans to large Canadian enterprises affected by new tariffs and countermeasures. It supports 24-month liquidity and operating needs, including operating capital, operating costs, and a more sustainable business model of diversification.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Attract or retain talent
Eligible Funding
- Minimum amount : 30,000,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- $ 150,000,000 minimum revenue
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Provide liquidity assistance through interest-bearing term loans to large Canadian enterprises affected by new tariffs and countermeasures.
Documents Needed
- Completed Enquiry Form
Official resources
Eligibility
Who is eligible?
- Large Canadian enterprises.
- Large Canadian enterprises that have been or expect to be affected by new tariffs and countermeasures.
Who is not eligible
- Companies found guilty of tax evasion.
- Certain public institutions.
- Entities with direct or indirect significant ownership by political office holders.
- Entities that promote violence, incite hatred or discrimination.
- Businesses that have filed for relief or protection under the Companies’ Creditor Arrangement Act (Canada), or any similar legislation in any jurisdiction.
Ineligible Costs and Activities
- Refinance or repay existing debt.
- Major acquisitions.
- Expansion projects or new ventures.
- Operations or expenses outside of Canada.
Eligible geographic areas
- Canada
Selection criteria
- The loan size for each applicant will be assessed on a case-by-case basis based on demonstrated need and the reasonableness of management’s business plan assumptions.
How to apply
- Review the LETL factsheet to assess your eligibility.
- Fill in the Enquiry form.
- Submit your completed Enquiry form by email to info@ceefc-cfuec.ca.
- Do not attach any documents other than the Enquiry form.
- If you qualify, CEEFC will contact you and provide a form requesting additional information.
Processing and Agreement
- CEEFC will evaluate eligibility after receiving the completed Enquiry form.
- Qualifying applicants will receive a form requesting additional information to move the process forward.
- CEEFC will promptly send applicants a non-disclosure agreement, application form and instructions.
Additional information
- The LETL facility is delivered through Canada Development Investment Corporation (CDEV) via its subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC).
Contacts
Frequently Asked Questions about the Large Enterprise Tariff Loan (LETL) Program
What is the Large Enterprise Tariff Loan (LETL)?
The Large Enterprise Tariff Loan (LETL) facility provides liquidity assistance through interest-bearing term loans to large Canadian enterprises affected by new tariffs and countermeasures. It supports 24-month liquidity and operating needs, including operating capital, operating costs, and a more sustainable business model of diversification.
Who is eligible for the Large Enterprise Tariff Loan (LETL) program?
To be eligible for the Large Enterprise Tariff Loan (LETL) program, you must:
Large Canadian enterprises with significant operations or a significant workforce in Canada, and affected by new tariffs and countermeasures.
Annual Canadian revenue of approximately $150 million or more.
A 24-month liquidity shortfall after exhausting other sources of capital, while remaining otherwise viable before the tariffs and countermeasures.
What expenses are eligible under Large Enterprise Tariff Loan (LETL)?
Provide liquidity assistance through interest-bearing term loans to large Canadian enterprises affected by new tariffs and countermeasures.
Who can I contact for more information about the Large Enterprise Tariff Loan (LETL)?
You can contact Canada Development Investment Corporation (CDEV) by email at info@ceefc-cfuec.ca.
Where is the Large Enterprise Tariff Loan (LETL) available?
The Large Enterprise Tariff Loan (LETL) program is available across Canada.
Is the Large Enterprise Tariff Loan (LETL) a grant, loan, or tax credit?
Large Enterprise Tariff Loan (LETL) is a Loans and Capital investments
Who are the financial supporters of the Large Enterprise Tariff Loan (LETL)?
Large Enterprise Tariff Loan (LETL) is funded by Canada Development Investment Corporation (CDEV)