Large Enterprise Tariff Loan (LETL) facility

Support for large Canadian enterprises

The LETL facility is a program instituted by the Government of Canada to provide liquidity assistance in the form of interest-bearing term loans to large Canadian enterprises who have been (or expect to be) affected by new tariffs and countermeasures. The intent of the LETL facility is to provide short-term financing to help these enterprises preserve employment and operations until they can access more traditional market financing. The LETL facility will be delivered through Canada Development Investment Corporation (CDEV) via its subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC). The LETL facility is open to large Canadian enterprises who can demonstrate they have been (or expect to be) affected by the new tariffs and countermeasures and who: a) have an impact on Canada’s economy as a result of: (i) significant operations in Canada; or (ii) a significant workforce in Canada; b) have approximately $300 million, or more, in annual Canadian revenue; and c) require a minimum loan size of $60 million. Large for-profit enterprises in all sectors can apply for funding under the LETL facility. Certain not-for-profit enterprises may also be eligible.