Canada Small Business Financing Program (CSBFP) application – Create registration: Instructions for a term loan

Instructions for the lender

Indicate the name and address of the branch of the lender who made the loan.
Enter the transit number approved by the Payments Canada (8 digits) that matches the lender's name and address in Line 1.
Enter the complete loan number (and extension numbers if applicable) assigned to the loan by the lender.
Enter the name of the legal entity directly obligated to repay the loan and provide the address where the business operates. For a business operating as a sole proprietorship or partnership, enter the name of the proprietors or partners.
Enter the telephone number of the borrower.
Provide the operating name of the business if the name is different from the legal entity or persons directly obligated to repay the loan (e.g. a franchise name).
Enter the Business number assigned by Canada Revenue Agency, if available. This number consists of fifteen characters – nine digits followed by two letters and by four digits.
Check only one of the boxes. Where the business is a corporation, enter the name of the shareholders of the company. In the case of a cooperative with share capital, list the shareholders. In the case of a cooperative without share capital or a not for profit enterprise, list the board of directors members.
Indicate the estimated gross annual revenue of the business for the fiscal period in which the loan is approved (no less than 52 weeks). For start-ups, provide the projected gross annual revenue for the first full fiscal year. This amount cannot exceed 10 million dollars.
Indicate which of the following industrial sectors (one only) best describes the borrower's main business activity (use the corresponding letter).
- A – Agriculture (support activities), Forestry, Fishing and Hunting
  B – Mining and Oil and Gas Extraction
  C – Utilities
  D – Construction
  E – Manufacturing
  F – Wholesale
  G – Retail
  H – Transportation and Warehousing
  I – Information and Cultural Industries
  J – Finance and Insurance
  K – Real Estate and Rental and Leasing Remediation
  L – Professional, Scientific and Technical Services
  M – Administrative and Support, Waste Management and Remediation Services
  N – Educational Services
  O – Health Care and Social Assistance
  P – Arts, Entertainment and Recreation
  Q – Accommodation and Food Services
  R – Repair and Maintenance Services
  S – Personal Care Services (hair salon/beauty salons/saunas/massage/weight loss/hair removal/other)
  T – Other Services

Choose the number of years the borrower seeking the loan has been in operation.
Indicate if the business is operating under a franchise agreement, if so, enter the name of the franchisor.
Indicate the number of additional persons (full-time or equivalent) that the business will be able to employ as a direct result of the lender approving this loan.
Enter the date where the borrower has met all conditions set by the lender and an authorized representative of the lender provided the final approval of the loan.
Enter the date of the first disbursement of the loan by the lender to the borrower (do not enter the loan approval date). The loan is to be registered within six months following the date of the first disbursement.
Indicate the amortization period for the loan. The amortization period can be higher than the maximum coverage period set in the Regulations (15 years).
Make a selection to indicate whether floating or fixed rate.
If applicable, indicate the name of the guarantors, the type of guarantee (personal or corporate), whether the guarantee is joint and several and the amount. Personal guarantees must be unsecured. Corporate guarantees may be secured. All guarantees cannot exceed the authorized amount of the term loan.
Amount of the loan to be used for the purchase of intangible assets.
Amount of the loan to be used for the working capital costs.
If applicable, enter the part of the registration fee for intangible assets and working capital costs (maximum 2% of the total of Line 19 and Line 22) which is financed by the loan.
Sub-total Lines 19, 20 and 21. Cannot exceed $150,000.00.
When the borrower is a tenant, amount of the loan to be used to make improvements to the property or to purchase from the previous business owner existing leasehold improvements.
Amount of loan to be used to purchase, install and/or improve equipment.
If applicable, enter the part of the registration fee for leasehold improvement and equipment (maximum 2% of the total of lines 23 and 24) which is financed by the loan.
Sub-total of Lines 22 to 25. Cannot exceed $500,000.00.
Amount of loan to be used to purchase or improve real property where the borrower is or will become the owner of the real property or immovables.
If applicable, enter the part of the registration fee for real property or immovables (maximum 2% of line 27) which is financed by the loan.
Total amount of the loan (lines 26, 27 and 28) cannot exceed $1,000,000.00. This amount represents the total amount guaranteed under the CSBFA.
Total registration fee to be paid (2% of lines 19, 20, 23, 24 and 27). The registration fee can be submitted electronically or, if a paper registration is submitted, with a draft or cheque from the lender payable to "Receiver General of Canada" accompanying the Term Loan Registration Form.

Instructions for the borrower

Eligible costs

For the purposes of the elements listed in Lines 23, 24 and 27, the following costs may also be included if directly associated with a financed eligible asset:

transportation
freight and installation costs
architectural
engineering
design fees
non-refundable taxes and custom duties

The amount of grants, discounts, refunds and reimbursements or any type of applicable credits directly related to the assets financed must be deducted.

Related borrowers

Borrowers who are operating small businesses at different premises and do not derive more than 25% of their actual or projected gross revenues from one another are considered independent small businesses for the purpose of the Program and, therefore are not considered related borrowers. Two (or more) borrowers are related, if:

one borrower controls or is controlled by the other borrower, directly or indirectly in any manner;
one borrower controls or is controlled by the same person or groups of persons, directly or indirectly in any manner;
one borrower carries out its business in partnership with the other borrower who also carries out a small business; or
both borrowers share management services, administrative services, equipment, facilities or overhead expenses without being in a partnership.

Offences and punishments under section 16 of the Canada Small Business Financing Act

It is an offence to:

make a false statement or misrepresentation, furnish false or misleading information;
dispose of assets taken as security without the consent of the lender and with fraudulent intent; or
use the proceeds of the loan, with fraudulent intent, for a purpose that does not fall within the scope of the loan.

A borrower who commits an offence

is guilty of an indictable offence and liable to a fine of up to $500,000 or to imprisonment of up to five years, or to both;
or is guilty of an offence punishable on summary conviction and liable to a fine of up to $50,000, or to imprisonment of up to six months, or to both.

Information on loan status

Status

Created Pending:: A registration that has not been completed and submitted by the lender.
Submitted – Awaiting Fee:: A payment that has not yet been processed by ISED.
Registered – Fee Received:: A payment that has been processed by ISED.

Language selection

WxT Search form