🏠 | Loan | BDC Inclusive entrepreneurship loan

BDC Inclusive entrepreneurship loan

Maurice
By Maurice | May 1, 2025

Amount:

$350,000

Type:

Loan

Description:

Helping ambitious business owners from underserved communities get the financing, education and support they need to succeed.

Comments on Funding:

Offers up to $350,000 to businesses at least 51% owned and led by women, Indigenous, or Black entrepreneurs. It features affordable financing, no application or annual fees, and the option to postpone principal payments for up to 24 months.

Deadline:

Continuous Intake

Eligibility:

Applicants must be:

1. Based in Canada
2. Revenue of less than $3M
3. At least 51% owned and led by persons from an underserved community

Application Steps:

Applicants must:

1. See if you’re eligible: Provide information on the business and shareholders and confirm that you meet the eligibility criteria.
2. Apply online: Fill out a loan application with a BDC specialist.
3. Sign and receive your funds: Receive your funds, complete the Entrepreneurship Fundamentals online course and receive an additional interest rate reduction.

Documentation Needed:

No specific documentation has been identified

Other Things to Note:

Web Page:

https://www.bdc.ca/en/financing/inclusive-entrepreneurship-loan
Maurice

About the author

Maurice
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.