Amount: interest-free loans of $60 million and above.
The Large Enterprise Tariff Loan (LETL) facility is a newly introduced financing initiative by the Government of Canada, announced on March 21, 2025. Administered by the Canada Development Investment Corporation (CDEV) through its subsidiary, the Canada Enterprise Emergency Funding Corporation (CEEFC), the facility offers financial assistance to large Canadian companies impacted by existing or potential tariffs and countermeasures, particularly those facing difficulties in securing traditional market financing.
Eligibility requirements
The LETL facility is available to large Canadian enterprises that can show they have been, or are likely to be, impacted by newly introduced tariffs and countermeasures. Eligible applicants must:
a) have a notable impact on the Canadian economy through either significant domestic operations or a substantial Canadian workforce;
b) generate approximately $300 million or more in annual Canadian revenue; and
c) require a minimum loan amount of $60 million.
Funding is open to large, for-profit businesses across all sectors, with certain not-for-profit organizations also potentially qualifying. However, companies convicted of tax evasion are not eligible.
Applicants must also commit to preserving jobs, maintaining Canadian operations, and demonstrate that the support requested through the LETL facility is part of a broader strategy to regain financial stability.
Funding
Canada is making available loans of $60 million and above, based on the applicant’s cash flow needs for the next 12 months. The loan size for each applicant will be assessed on a case-by-case basis based on demonstrated need, the reasonableness of management’s business plan assumptions and the ability to repay.
Timeline
The LETL facility will be open while the current economic situation persists.
