BDC Start-up financing (2022)
Description:
The Start-up Financing Loan provides funds to help Canadian businesses who have been in operation for at least 12 months and have generated revenues to turn their business ideas into reality.
The financing can be used to:
1. purchase assets, pay start-up fees, or buy a franchise;
2. invest in marketing, a website or advisory services;
3. replenish working capital depleted by start-up costs.
Comments on Funding:
Funding is a loan of up to $250,000 and starts at $10,000 with up to 12 months principal postponement at the start of the loan.
Eligibility:
Applicants must:
Applicants must:
Applications Steps:
Testimonials:
“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
Other Things to Note:
Previously both the FCC Credit Line and The FCC Advancer Loan were under the same entry.
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline