Large Enterprise Tariff Loan (LETL) Facility Program
Receive an interest-bearing term loan a minimum of $60M
The Large Enterprise Tariff Loan (LETL) Facility Program offers interest-bearing term loans to large Canadian enterprises that have been, or anticipate being, impacted by ongoing tariffs and countermeasures.
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Annual Funding Applications Supported
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Amount of Funding
The Large Enterprise Tariff Loan (LETL) Facility Program provides interest-bearing term loans starting at $60 million to support large Canadian businesses affected by tariffs, trade restrictions, and related market disruptions.
Administered by the Canada Development Investment Corporation (CDEV) through its Canada Enterprise Emergency Funding Corporation (CEEFC), the program is designed to provide liquidity to otherwise viable businesses facing significant financial pressures due to evolving international trade conditions.
Loan amounts are determined based on factors such as:
- The scale of tariff-related financial impacts
- Operational and liquidity requirements
- Workforce retention needs
- The applicant’s financial position and repayment capacity
- The overall economic importance of the business to Canada
Funding is provided through customized financing arrangements, with loan terms established following a detailed financial assessment and due diligence process.
The LETL Facility is intended as a financing solution of last resort where conventional financing may be insufficient to address significant tariff-related challenges.
Eligible Applicants
The Large Enterprise Tariff Loan Facility supports large Canadian companies that have been negatively impacted, or are expected to be impacted, by tariffs and trade-related disruptions.
Eligible applicants generally include:
- Canadian-based enterprises with annual Canadian revenues of approximately $300 million or more
- Companies with significant operations, assets, and employees in Canada
- Organizations directly affected by U.S. tariffs, Canadian countermeasures, or other trade-related restrictions
- Businesses experiencing substantial operational or financial impacts resulting from changing trade conditions
Applicants must typically demonstrate that they:
- Were financially viable before tariff-related disruptions occurred
- Have a credible path to long-term financial sustainability
- Maintain substantial economic activity in Canada
- Support Canadian employment and supply chains
- Require additional liquidity to continue operations during the disruption period
Businesses from a wide range of sectors may be eligible, including:
- Manufacturing
- Automotive and transportation
- Steel and aluminum
- Forestry and wood products
- Agriculture and agri-food
- Energy and natural resources
- Industrial production and processing
Each application is assessed individually based on the organization’s financial position, economic impact, and demonstrated need for support.
Eligible Activities
Funding received through the Large Enterprise Tariff Loan Facility may be used to support business operations impacted by tariffs and related trade disruptions.
Eligible uses of funding may include:
- Working capital requirements
- Liquidity support for ongoing operations
- Operational expenses directly affected by tariffs
- Supply chain stabilization and restructuring costs
- Inventory management and procurement adjustments
- Workforce retention and employment continuity measures
- Business continuity initiatives
- Operational changes required to respond to evolving trade conditions
Examples of eligible activities include:
- Addressing increased costs resulting from tariffs
- Managing disruptions in export or import markets
- Diversifying suppliers and sourcing strategies
- Implementing operational changes to maintain competitiveness
- Supporting Canadian jobs during periods of trade uncertainty
- Maintaining critical business operations while adapting to changing market conditions
Funding is not intended to support businesses facing challenges unrelated to tariff impacts and is generally reserved for organizations with a demonstrated need for temporary financial assistance.
Program Deadline
Speak with a member of our team to find the latest intake period info for this program or subscribe to our newsletter to be notified.
Average of
Time Saving
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Throughout the application process
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Successfully applying for the right funding program at the right time, focusing on the right topics is no easy challenge. We provide an average 95% time savings to our clients, compared to businesses that apply for funding in-house.
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