Business Development Bank of Canada (BDC) Supply Chain Support Loan

ByMaurice

Description:

Supply Chain Support Loan provides financing between $100,000 and $500,000 for businesses impacted by supply chain delays and disruptions.

Comments on Funding:

Funding is in the form of loans between $100,000 and $500,000.

Loan terms:

  1. the principal payment postponement is up to 12 months;
  2. no penalty for early repayment;
  3. the repayment period is up to 60 months (including initial principal postponement).

Eligibility:

The applicant must:

  • own a business that has been in operation for at least 24 months;
  • be a Canadian citizen or permanent resident;
  • have reached the age of majority in the province or territory in which he/she lives;
  • own a business impacted by supply chain delays and disruptions.

Program Contact:

Supply chain support loan

About the author

Maurice

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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