Small Business Loan

Description

The Business Development Bank of Canada (BDC) offers the Small Business Loan with financing up to $100,000 to grow your business. This repayable loan is designed for small businesses and can be used to:

• Supplement cash flow
• Sell online to increase sales
• Cover expenses

Eligibility requirements

To be eligible, you must have reached the age of majority in the province or territory you live in and your business must:

• Be based and registered in Canada
• Have good credit history
• Have been operating and generation revenue for at least two years

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.