Type of Program:
BDC helps Canadian start-ups get off the ground. Financing can be used for: working capital to supplement an existing line of credit; for fixed assets; to fund marketing and start-up fees; a franchise purchase; or for advisory services.
Comments on Funding:
Funding is a loan of up to $250,000, and starts at:
- 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.
- 1up to 12 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.
"BDC not only helped me with financing, they provided me with tools and resources that helped structure the business and gave me the freedom I needed to build my company." - Jamie Hoobanoff, Owner