Large Enterprise Tariff Loan (LETL) facility

Canada Enterprise Emergency Funding Corporation (CEEFC) · The Large Enterprise Tariff Loan (LETL) facility is a federal financing program announced by the Government of Canada on March 21, 2025, managed by Canada Ente…

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Overview

The Large Enterprise Tariff Loan (LETL) facility is a federal financing program announced by the Government of Canada on March 21, 2025, managed by Canada Enterprise Emergency Funding Corporation. It provides loans to large Canadian enterprises with significant operations or workforce in Canada and at least $150 million in annual Canadian revenue that face liquidity challenges due to tariffs and countermeasures. The facility covers up to 36 months of liquidity shortfalls after exhausting other financing sources, for businesses that were solvent as of December 31, 2024, and have a viable plan to return to financial stability.

Eligibility

Large Canadian enterprises with approximately $150 million or more in annual Canadian revenueSignificant operations in Canada or a significant workforce in CanadaMust have a liquidity shortfall of up to 36 months after exhausting other sources of capitalBorrower must have been solvent as of December 31, 2024, with a viable plan to return to financial stabilityBusiness must not have filed for relief or protection under the Companies' Creditor Arrangement Act or similar legislationBusinesses affected by actual and potential new tariffs and countermeasures facing difficulty accessing traditional market financing

Eligible projects

Financing to cover liquidity shortfalls caused by tariffs and countermeasuresBridge financing for viable large enterprises to return to financial stability

Financing terms

Covers up to 36-month liquidity shortfallAvailable after exhausting all other sources of capitalApplicants must demonstrate financial viability and a path to return to stability

How to apply

1Check eligibilityConfirm you meet every criterion listed above before you start.

2Prepare the project packageProject description, budget with quotes, team, and recent financial statements.

3Apply on ceefc-cfuec.caGovgrant members can draft the application with AI and export a formatted PDF.

4Respond to reviewer questionsMost programs come back with one round of questions within a few weeks of submission.

Additional information

Announced by the Government of Canada on March 21, 2025Managed by Canada Development Investment Corporation (CDEV) through its subsidiary CEEFCApplicants must submit an Enquiry form via email to qualifyFull eligibility criteria available on the LETL factsheetProgram targets businesses impacted by tariffs and countermeasures with liquidity challenges

At a glanceMaximumVariesProviderCanada Enterprise Emergency Funding Corporation (CEEFC)DeadlineRolling intakeStatusOpenRegionCanadaOfficial sourceceefc-cfuec.ca ↗

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