Last year, around 8,000 businesses in Canada utilized Canadian small business loans to secure financing.Government loans in Canada provide vital financial assistance to businesses through guaranteed underwriting of loan terms and conditions.The government acts as a cosigner, guaranteeing a significant portion of borrowing to financial institutions.The Canada Small Business Financing Program (CSBFP) offers loans of up to $350,000 for equipment, leasehold improvements, and working capital costs.