Inclusive Entrepreneurship Loan

Description

The Business Development Bank of Canada (BDC) offers the Inclusive Entrepreneurship Loan with financing up to $350,000 to grow your business. This repayable loan is designed for businesses owned by women, Indigenous Peoples, and Black people and can be used to:

• Launch growth projects
• Purchase new or used equipment
• Invest in technology

Eligibility requirements

To be eligible, your business must:

• Be at least 51% owned and led by persons from an underserved community (include women, Indigenous and Black entrepreneurs)
• Have an annual revenue less than $3 million
• Be based and registered in Canada

Check BDC’s website for specific eligibility requirements.

Status

Open and Continuous

Administration

The Business Development Bank of Canada (BDC) is a federal Crown corporation that operates at arm’s length from their sole shareholder, the Government of Canada. BDC helps create and develop strong Canadian businesses through financing, capital, and advisory services with a focus on small and medium-sized businesses.