BDC Small Business Loan (2022)

Description:

BDC’s Small Business Loan helps Canadian companies get fast financing to use to:

  1. supplement cash flow (purchase equipment, software, or hardware without using cash they need for everyday activities),

  2. sell online to increase sales (upgrade your website, purchase inventory, run marketing campaigns, hire a consultant),

  3. cover expenses (pay suppliers, landlords, employees).

Comments on Funding:

Funding is a loan of up to 100,000.

Loan terms and fees:

  1. the loan can be obtained 100% online;
  2. no application fees;
  3. no penalties for early or lump-sum payments;
  4. capital payment can be postponed for 6 months;
  5. loan repayment can be extended to 5 years;
  6. BDC doesn’t take personal assets as collateral for the loan.

Eligibility:

Applicants must be/have:

  • Canadian-based business,
  • in operation for at least 24 months and generating revenues,
  • Good credit history
  • business owners must have reached the age of majority in the province or territory where you live.

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