BDC Working Capital Financing (2022)
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:
- $10,000 for businesses that have been in operation between 12 and 24 months and
- $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:
- up to 6 years to repay the loan;
- up to 12 months principal postponement at the start of the loan.
Testimonials:
“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:
When It Ends:
Ongoing
Deadline:
Rolling deadline