Comments on Funding:
Funding is up to 125% of the purchase cost and expenses and starts at:
- $10,000 for businesses that have been in operation between 12 and 24 months and
- $100,000 for businesses that have been in operation for more than 24 months.
The above-mentioned amounts are requested by the online application system when trying to apply.
- up to 12 years repayment period;
- up to 24 months principal postponement at the start of the loan.
- BDC doesn’t take personal assets as collateral for the loan.
complete an online business loan request providing a few details about the business, the project and contact information;
Some preliminary documentation:
Other Things to Note:
The loans can be used for: Production line machinery and equipment; Specialized technology, such as lab equipment; or Commercial vehicles and much more.
“I’m a relationship builder, so we’re loyal to BDC because the bank really wants us to succeed. With their financing, we’ve been able to grow a profitable business.” – Cristen DeCarolis, Pizzeria Prima Strada