CSBFP Loan Business Plan

Government-Backed Small Business Financing Solutions

Looking to secure a Canada Small Business Financing Program (CSBFP) loan for your business? Mikel Consulting’s tailor-made bank loan business plans can help highlight your business’s strengths and financial needs, setting you up for success. No matter the size or type of business, we can help you get the bank loan you need to grow, scale, and ultimately succeed in the market.

Mikel Consulting's Record of Success

  • 4,000+

    Business Plans

  • $0.9B+

    Bank Loans Secured

  • 97%

    Success Rate

  • 100+

    Trusted Partners

  • 90+

    Client Countries

What is the CSBFP Program?

The CSBFP helps Canada’s small businesses secure CSBFL loans by sharing risk with lenders.

What Are CSBFL Business Loans?

The Canada Small Business Financing Program offers loans of up to $1.15 million to finance commercial land, equipment, leasehold improvements, intangible assets, and working capital.

Who Are CSBFL Business Loans For?

The CSBFP is designed for small businesses or start-ups operating in Canada with annual revenues under $10 million, excluding farming businesses, which have a separate program.

Why Choose Mikel Consulting?

  • PROVEN EXPERTISE

    Experience: Prepared 4,000+ customized business plans since inception.

    Success Rate: 97% success rate for 3,000+ valued clients worldwide.

    Trustworthy Team: Dedicated professionals with 24 years of industry experience.

  • TIME SAVINGS

    Efficient Process: Prompt delivery of first drafts within 7-10 business days.

    Focus on Growth: Save weeks of work to concentrate 100% on growing your business.

    Industry Research: Powered by direct research and hundreds of top industry resources.

  • HIGHLY CUSTOMIZED

    Custom Solutions: 1-on-1 consultations to understand your business, industry, and goals.

    Reflect Your Vision: Create a custom-tailored business plan to best represent your vision.

    Maximize Success: Designed to attract funding, increase potential for success, and stand out from the competition.

CSBFP & CSFBL Program Guidelines

  • Loan Amounts

    • Maximum loan of $1.15 million per borrower.

    • Up to $1 million for term loans, with no more than $500,000 for leasehold improvements or equipment.

    • Up to $150,000 for lines of credit.

  • Usage of Funds

    • Term loans can finance land/building purchases or improvements, equipment purchases, leasehold improvements, intangible assets, and working capital.

    • Lines of credit cover day-to-day operational expenses.

  • Interest Rates

    • For term loans, interest can be floating (prime rate + 3%) or fixed (mortgage rate + 3%).

    • For lines of credit, the maximum rate is prime + 5%

  • Registration Fees

    • A 2% registration fee applies to both term loans and lines of credit, based on the total loaned or authorized amount.

  • Security

    • Real property and equipment require secured assets.

    • Leasehold improvements, intangible assets, and working capital loans may require other business assets as security.

  • Loan Approval Process

    • Loans are approved and disbursed by financial institutions, which then register the loan with Innovation, Science and Economic Development Canada.

  • Eligibility

    • Available to Canadian small businesses with annual revenues under $10 million.

    • Farming businesses are not eligible under this program.

Which Banks Offer CSBFP Loans?

The banks that offer CSBFL small business loans, in partnership with the CSBFP, include the major Canadian financial institutions, including (but not limited to) Royal Bank of Canada (RBC), TD Canada Trust, Bank of Montreal (BMO), Scotiabank, and Canadian Imperial Bank of Commerce (CIBC). You may already have a business or personal account with a CSBFP-affiliated lender, making the process even more accessible with Mikel Consulting.

Bank Loan Business Plan Examples

Transforming Your Vision into Reality

Explore how our strategic business plans and expert guidance have propelled businesses to new heights.

Chic Nail Salon

Secured a $128,475 bank loan for operational launch.

Labs Diamond

Secured $10M loan for working capital to place inventory at retailers.

Sempre Uno

Secured a $1M bank loan for operations and enhancement.

Frequently Asked Questions

  • The CSBFP helps small businesses access loans from financial institutions by sharing the risk with lenders, enabling businesses to secure funding for equipment, leasehold improvements, real property, and working capital.

  • Small businesses or start-ups in Canada with gross annual revenues of $10 million or less are eligible, except for farming businesses, which have a separate program under the Canadian Agricultural Loans Act.

  • The CSBFP offers term loans up to $1 million for tangible assets and leasehold improvements, with up to $150,000 for intangible assets and working capital, and lines of credit up to $150,000.

  • Mikel Consulting crafts detailed, lender-focused business plans that align with CSBFP requirements, helping businesses present their financial needs and growth strategies clearly to financial institutions.

  • Mikel Consulting’s CSBFP loan plans include financial forecasts, market analysis, detailed descriptions of how loan proceeds will be used, and risk mitigation strategies tailored to meet lender criteria for CSBFP loans.

  • With extensive experience in preparing business plans, Mikel Consulting ensures that all aspects of your financial and operational needs are addressed in a way that meets the CSBFP’s lending standards, improving your likelihood of approval.

  • Mikel Consulting typically delivers a customized business plan within 7-10 business days, enabling you to move forward with your loan application in a timely and efficient manner.

  • Yes, Mikel Consulting’s business plans are versatile and can be tailored for other loan programs, including those offered by commercial banks and private lenders, ensuring broad applicability beyond the CSBFP.

  • Mikel Consulting’s business plans are uniquely designed to meet the specific requirements of the CSBFP, including detailed cost breakdowns for equipment, leasehold improvements, and working capital, giving financial institutions the confidence needed to approve the loan.

  • Speak With An Advisor

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    Partners enjoy added benefits including favourable pricing!

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We have the expertise to unlock opportunities for your business growth, funding, and immigration success through our tailored business plans and strategic guidance.

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