BDC Financing — Accelerator Loan Guarantee

• Loan amounts range from $25,000 to $500,000 for working capital needs.
• Loans are guaranteed by BDC but managed and disbursed by participating financial institutions.
• The duration and repayment terms of the loan are determined by the collaborating financial institution.
• Applicants must contact a partner institution where they hold their primary banking relationship.
• BDC collaborates with financial institutions to facilitate diversified and inclusive access to funding for entrepreneurs.

• The business must be based in Canada.
• The business must have been in operation for a minimum of 12 months.
• The business must have revenues of less than $10 million.
• The business must require a working capital loan between $25,000 and $500,000.

Who is eligible?

The BDC Accelerator Loan Guarantee is available to Canadian businesses irrespective of industry, as long as they meet the general eligibility criteria such as being in operation for a minimum of 12 months, having revenues under $10 million, and requiring working capital between $25,000 and $500,000. Specific industries or types of companies are not outlined in the provided details.

Eligible geographic areas

• Companies based in Canada.
• Specific programs available to Ontario-based clients with institutions like Alterna Savings and Meridian Credit Union.

• The BDC Accelerator Loan Guarantee is aimed at fostering a diverse, equitable, and inclusive entrepreneurial environment.
• BDC works in collaboration with specific financial institutions across Canada to facilitate loan guarantees.
• The responsibility for the management and status updates of the loan falls to your primary financial institution.
• BDC does not have visibility into the details or reasons if an application is declined.
• BDC continues to expand this offering by adding more financial institutions to their partner list.