Government of Saskatchewan
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Saturday, May 30, 2015
Saskatchewan. Building an innovative, thriving and sustainable economy.

The SBLA program has been terminated effective March 19, 2015.

A recent program review has determined that the Small Business Loans Association (SBLA) program does not align with current government direction. The Government of Saskatchewan is focused on providing broad‑based tax programs and incentives such as reducing the Small Business income tax rate to 2 per cent to provide for business development and investment opportunities.

  • There are currently 829 loans outstanding totalling $8,325,265.
  • The government will realize immediate savings of $747,000 annually starting in the 2015-16 fiscal year.
  • Uptake of the program has declined by over 67 per cent over the past 10 years.
  • The current economic climate is more conducive to business financing and capital needs.

Although the program will cease to offer new loans, current loans will continue to be managed according to the original terms of the loan agreements and may take up to five years to collect.

Program officials will work with the SBLAs to collect their loan portfolios.

Existing agreements between the Government of Saskatchewan and each SBLA will not be cancelled. New funds will not be issued; however, the balance of the agreement with SBLAs dealing with the collection and remittance of loan payments remains in effect.

Small business loans are still available from financial institutions, as well as Community Futures organizations.

For more information, please contact:

Mr. Gerry Holland
Director, Financial Programs
Saskatchewan Ministry of the Economy
1000 - 2103 11th Avenue 
Regina, SK S4P 3Z8
Phone: 306-798-1277
Fax: 306-798-0796
E-mail: gerry.holland@gov.sk.ca



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