Financing in Canada

searcher profile

March 03, 2020

by a searcher from Carleton College in Leesburg, VA, USA

What is the equivalent of an SBA loan in Canada? I am a U.S..-based self-funded searcher looking at an acquisition candidate on Prince Edward Island.

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commentor profile
Reply by an investor
from York University in Toronto, ON, Canada
You have to go through the Canadian financial banks or credit unions. They will apply for the small business loan and try to get the government guarantees on your behalf. They will also assess whether the business qualifies for an EDC (Export Development Canada) guarantee on receivables. More info is found here: http://www.ic.gc.ca/eic/site/csbfp-pfpec.nsf/eng/Home
commentor profile
Reply by an intermediary
from McMaster University in Toronto, ON, Canada
1. For those managing or purchasing businesses in Canada, this might catch your attention: An exciting development to boost your financial growth, brought by the ISED Federal Government's CDAP program. More information can be found on www.zeropercentloan.ca.
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