BDC Financing for tech companies – Loan for tech companies with recurring revenues (2022)

  • This program is currently closed.

Description:

BDC helps ITC companies to invest in customer acquisition to increase their recurrent fee revenues.

Funding can be used to:

  1. speed up new customer acquisition (invest in your sales, advertising and digital marketing campaigns);

  2. surpass competitors (invest in commercialization of existing products and new product development);

  3. boost their growth plan (get additional money to ramp 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).Loan terms:

  1. up to 24 months principal postponement at the start of the loan.

Eligibility:

Applicants must:

  • be Canadian citizens or permanent residents;
  • have reached the age of majority in the province or territory in which they live;
  • have a business that has been in operations for at least 12 months,
  • be businesses with monthly recurring revenues of $50,000 or more,
  • need cash to invest in customer acquisition to increase their recurrent fee revenues.

Applications Steps:

Other Things to Note:

There is a new entry -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.

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