BDC Indigenous Entrepreneur Loan (2022)

Description:

BDC provides up to $350,000 to Indigenous entrepreneurs to start or grow their business, whether they operate on or off reserve. Loans can be used to: acquire fixed assets; finance franchise fees; cover start-up costs; start exporting; or replenish working capital.

Comments on Funding:

Financing is up to $350,000, and starts at $100,000 (the online application systems requests amounts higher than $100,000).

  1. $10,000 for businesses that have been in operation between 12 and 24 months and 
  2. $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.

Benefits: flexible repayment terms to protect your cash flow; BDC will return part of the interest paid to a registered charity of the applicant’s choice; personal assets will not be taken as a collateral.

Eligibility:

  • be Indigenous Entrepreneurs and and business owners operating on or off reserve;
  • 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.

Applications Steps:

Applicants must:

Testimonials:

“BDC has been true advocate for my business and showed confidence in our growth potential. This is a bank that genuinely cares about entrepreneurs!” – Jullianna CharltonCEO, NoMiNoU Athleisure

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