Amount:
$750,000
Type of Program:
Loan
Description:
BDC provides funding to IT companies to secure their market position.
Funding can be used to:
- 1promote their solution (invest in marketing and advertising),
- 2surpass competitors (get cash to execute your commercialization strategy),
- 3boost their growth plan (get additional money to speed up your go-to-market plan).
Comments on Funding:
Funding is up to $750,000, and starts at $100,000 (the online application systems requests amounts higher than $100,000).
Repayment period is between 3 and 5 years or one capital payment at the end of the period.
When It Ends:
Closed
Deadline:
Rolling deadline
Eligibility:
Applicants must:
Application Step:
complete an online business request providing a few details about the business, the project and contact information;
further discuss with a BDC representative when contacted.
Other Things to Note:
Financing for Tech Companies- which includes both Financing for Tech Companies - Tech Scale-up Loan and Financing for Tech Companies - Loan for Tech Companies with Recurring Revenues.