LETL Overview
What is the LETL facility?
The Large Enterprise Tariff Loan (LETL) facility is a new financing facility announced by the Government of Canada on March 21, 2025. Managed by the Canada Development Investment Corporation (CDEV) through its subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC), it provides financing support for large Canadian enterprises affected by actual and potential new tariffs and countermeasures and which face challenges accessing traditional sources of market financing.
What are the eligibility criteria?
The LETL facility was created to support large Canadian companies who:
- Have an impact on Canada’s economy as a result of:
- Significant operations in Canada; or
- A significant workforce in Canada.
- Have approximately $300 million, or more, in annual Canadian revenue; and
- Require a minimum loan size of $60 million.
The LETL facility is intended for large Canadian businesses that are otherwise viable prior to the tariffs and countermeasures. It is not intended to resolve insolvencies or support businesses that have filed for relief or protection under the Companies’ Creditor Agreement Act (Canada), or any other similar legislation of any jurisdiction.
See the LETL factsheet for the full eligibility criteria.
How To Apply
Step 1
Assess your eligibility.
Applicants are encouraged to review the LETL factsheet to assess their eligibility.
Step 2
Fill in the Enquiry form.
Step 3
Submit your Enquiry form
Email your completed Enquiry form at info@ceefc-cfuec.ca.
Please do not attach any documents other than the Enquiry form when sending your email. Reference documents or attachments other than the Enquiry form will not be accepted. Incomplete forms will not be processed.
Step 4
CEEFC will contact you if you qualify
Upon receiving your completed Enquiry form, CEEFC will evaluate your eligibility.
Qualifying applicants will receive a form requesting additional information in order to move the process forward.