This program is a great opportunity for your business. It offers up to $1,000,000 in financing, with an additional $150,000 available for software or day-to-day operating costs. This funding can be used for various purposes, including operating expenses, restorations, new equipment, and software.

Key Benefits:

• Government-backed loan: This provides more security than traditional loans.
• Flexible repayment terms: You can choose how to pay it back, with up to 15 years to do so.
• Easy qualification: If your business meets the criteria, approval is straightforward.

Applying for this program can significantly boost your business by providing the necessary funds to grow and innovate.

Type of Financing:

• Loan: This program offers a loan to support your business endeavors.

Repayment Terms and Interest Rates:

• Repayment Term: You can repay the loan over a flexible period, tailored to your business needs.
• Interest Rates: Competitive interest rates are provided, ensuring manageable repayment terms.

Eligible Expenses:

• The loan can be used for a variety of expenses related to selling to the Government of Canada, including but not limited to procurement costs, operational expenses, and investments in business growth.

Ineligible Expenses:

• The funds cannot be used for personal expenses, non-business related purchases, or any activities not directly related to enhancing your business operations.

Fees:

• Minimal fees are associated with the program, ensuring accessibility for businesses of all sizes.

This program offers up to $1,000,000 in funding for your business. You can use up to $500,000 of this amount to purchase equipment or improve your leased space.

Eligible expenses include:

• Commercial kitchen appliances
• Manufacturing machinery
• Computers and IT infrastructure
• Renovating a retail space

For other costs like software or working capital, the program provides up to $150,000.

The federal government guarantees 85% of the loan, giving you a strong safety net.

Flexible repayment options are available. You can choose between variable or fixed interest rates, or even combine them. You have up to 15 years to repay the loan, regardless of how you use the funds.

1. Create a CanadaBuys Account:

• Visit the CanadaBuys website.
• Click on "Account Access" and follow the instructions to create an account.

2. Log In to Your CanadaBuys Account:

• Use your credentials to log in to your CanadaBuys account.

3. Access the Application Portal:

• Navigate to the application section for the program within the CanadaBuys website.

4. Prepare Required Documentation:

• Gather the following documents:
  • Business registration details
  • Financial statements (last two years)
  • Business plan
  • Proof of eligibility (e.g., certifications, licenses)
  • Project proposal or intended use of funds
  • Quotes or estimates for project costs

5. Complete the Application Form:

• Fill out the application form with accurate and detailed information about your business and the proposed project.

6. Upload Documentation:

• Upload all the required documents to the application portal.

7. Review and Submit Application:

• Carefully review your application to ensure all information is correct.
• Submit the application through the portal.

8. Monitor Application Status:

• Log in to your CanadaBuys account regularly to check the status of your application.
• Respond promptly to any requests for additional information.

9. Contact Support if Needed:

• If you encounter any issues or have questions, contact the CanadaBuys Service Desk for assistance.