Type of Program:
BDC helps ITC companies to invest in customer acquisition to increase their recurrent fee revenues.
Funding can be used to:
- 1speed up new customer acquisition (invest in your sales, advertising and digital marketing campaigns);
- 2surpass competitors (invest in commercialization of existing products and new product development);
- 3boost 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).
- 1up to 24 months principal postponement at the start of the loan.
When It Ends:
complete an online business loan 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:
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.