Amount:
No Fixed Amount
Type of Program:
Loan
Description:
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$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.
Loan terms:
- 1up to 6 years to repay the loan;
- 2up to 12 months principal postponement at the start of the loan.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
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.
Testimonials:
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:
