Are you planning to acquire a business or invest in new equipment using the Canada Small Business Financing Loan (CSBFL) program? If so, you may already know that banks often require more than just a business plan. Increasingly, lenders are asking for formal reports prepared by a Chartered Professional Accountant (CPA) or a Chartered Business Valuator (CBV) to support your application—especially if you’re acquiring intangible assets or presenting forward-looking financials.

Why Your CSBFL Application Might Need a CPA or CBV Report

Under the CSBFL program, financial institutions are partially guaranteed by the federal government. As a result, lenders are expected to demonstrate that due diligence has been performed when approving funding for business acquisitions, equipment purchases, or leasehold improvements. This often includes:

• A well-structured business plan
• Projected cash flow and debt coverage
• A valuation report for any intangible assets being acquired
• A opening balance sheet prepared by a qualified CPA

These documents help lenders assess the viability of your business and ensure compliance with the program’s standards.

A Recent Case: Supporting SteelCore Precision Metals Inc.

We recently completed a Provisional Purchase Price Allocation (PPA) Advisory Report for our client acquiring a plastic fabrication business. The transaction involved a $300,000 term loan and a $100,000 line of credit under the CSBFL program.

As part of the financing package, the client’s bank required:

• A formal valuation of intangible assets, including customer relationships and brands
• A 3-year business plan and financial projections
• A opening balance sheet

Using industry-accepted methods such as the Multi-Period Excess Earnings Method (MEEM) and working closely with the client and management, we prepared a complete advisory package that aligned with CSBFL’s requirements and helped facilitate the approval process.

How We Help You Navigate the Reporting Requirements

At Prime Valuation Advisors (PVA), we specialize in preparing tailored reports that support your loan application, acquisition planning, or internal financial needs. For CSBFL applicants in particular, our services include:

✅ Business Plan Support
✅ Valuation of Intangible Assets
✅ Fair Market Value Reporting
✅ Opening Balance Sheets
✅ Debt Service Coverage Analysis

Our reports are designed with both compliance and clarity in mind—easy for bankers to review, while reflecting technical accuracy and professional standards.

Ready to Proceed with Your CSBFL Application?

At PVA, we tailor each report to meet your needs and help you secure financing with confidence. Whether you require a business plan, fair market value report, or a complete valuation package, our team is here to support you every step of the way.

📱 Call Us Today

Learn more about our business planning and intangible asset valuation services.