Large Enterprise Tariff Loan (LETL) facility

For large Canadian companies facing financial strain from new or potential tariffs, access to traditional financing can tighten quickly. The Large Enterprise Tariff Loan (LETL) facility was created to address this gap, offering substantial repayable financing to enterprises that play a meaningful role in Canada’s economy and are working through tariff-related disruptions. This national program is administered by the Canada Development Investment Corporation and is aimed at stabilizing businesses that remain fundamentally viable but need time and liquidity to adjust.

The LETL facility is designed for enterprises with major operations or a significant workforce in Canada that are navigating a temporary liquidity challenge. Financing is typically provided in larger amounts, starting around $30 million and reaching up to roughly $60 million, with the intention of covering cash flow needs over a multi-year transition period. Rather than serving as a rescue for failing companies, the loan is meant to support organizations that were financially sound before tariff impacts and that have a credible plan to return to stability while maintaining employment and domestic business activities.

Because this facility is tailored to complex, large-scale situations, the application process focuses on understanding a company’s broader financial picture and recovery strategy. For enterprise leaders assessing whether this type of federal support fits into their transition planning, reviewing the full program details can help clarify next steps and expectations.