Canada Small Business Financing Program

Fees and details

Fee summary

Setup fee¹:

$150 to $1,000

Renewal fee²:

$50 to $150

Registration fee:

For term loans, the 2% registration fee is based on the total amount loaned under the program.

This fee may be funded by the loan but must be included within the allowable financing limits.

Loan Administration Fee (LAF):

For term loans, the 1.25% federal government’s administration fee is included as part of your interest rate.

Interest rate Learn more about interest rates. Opens in a dialog.

Variable-rate term loans: CIBC prime rate plus 3%.

Fixed-rate term loans: CIBC base rate plus 3%.

Repayment

The maximum term for a real estate secured loan is 15 years, but payments can be based on an amortization up to 25 years.³

The repayment of the term loan can be amortized over a period longer than 15 years, but the balance of the loan at the end of the 15-year period from the date of the first scheduled payment must be converted to a conventional loan.

The maximum term for an non-real estate secured loan is 15 years.³

For more information, review the repayment information on the Government of Canada's CSBFP page Opens in a new window..

Canada Small Business Financing Program

Fee summary

Setup fee1:

Renewal fee2:

Registration fee:

Loan Administration Fee (LAF):

Interest rate Learn more about interest rates. Opens in a dialog.

Repayment

Setup fee¹:

Renewal fee²: