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Source verified August 12, 2026
Large Enterprise Tariff Loan (LETL)
Liquidity financing for large Canadian enterprises
Latest source updateLast Update: September 20, 2026Latest change: The LETL overview and factsheet now describe support for up to a 36-month liquidity shortfall instead of 24 months.View change
Latest source update
Last Update: September 20, 2026
Latest change: The LETL overview and factsheet now describe support for up to a 36-month liquidity shortfall instead of 24 months.
LETL liquidity coverage extended to 36 months
The LETL overview now says the facility intends to cover an eligible applicant’s 36-month liquidity shortfall, and the factsheet now describes financing for 36 months of liquidity and operating needs. This is a material change to the program’s financing conditions and the level of shortfall an applicant may present.
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
Availability timeline
2026
Periods: 1
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
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.
What is the deadline to apply?
The program is accepting continuous intake
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