Newcomer Entrepreneur Loan

Description

The Business Development Bank of Canada (BDC) offers the Newcomer Entrepreneur Loan with financing between $25,000 to $50,000 to grow your business. If you are new to Canada and have your own business, this repayable loan could help build your business in B.C. 

Check BDC’s website for translations in your language.

Eligibility requirements

To be eligible, you must:

• Have been in operation for at least 12 months and generated revenues
• Immigrated to Canada less than three years ago
• Have a permanent resident status or protected person status
• Have a viable business plan

Visit 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.