Posted: January 26, 2022


No Fixed Amount

Type of Program:



BDC helps Canadian businesses complement other lines of credit, launch growth projects (expand into new markets, develop new products, protect intellectual property, launch a marketing campaign) and improve profitability (pay suppliers upfront to get special discounts, obtain certification, train employees).

Comments on Funding:

Funding is a loan and starts at:

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

Loan terms:

  1. 1
    up to 6 years to repay the loan;
  2. 2
    up to 12 months principal postponement at the start of the loan.

When It Ends:



Rolling deadline


  • 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.

Application Steps:


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.


"We’ve built a strong relationship with BDC. Apart from getting essential working capitalto help us grow, they also helped us improve our financial management and triple our sales!" - Cassy Guevara, Co-owner and bookkeeper

COVID Related Measures:

If your business has been directly or indirectly impacted by COVID-19, you could benefit from a working capital loan of up to $2 million* to finance projects that can help bring your level of operations back to a pre-pandemic state.

Program Contact:

Business loan request

About the author 


Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.


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