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BDC Advisory Services — Financial Management
Canada
Guidance to better manage your cash flow
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Manufacturing
- Retail trade
grant_single|grantors
- Business Development Bank of Canada (BDC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get advice on helping you and your team master the principles of financial management through practical tools, plans, coaching and support.
grant_single_labels|projects
This grant focuses on enhancing a business's financial management capabilities. The eligible activities aim at establishing strong financial practices and improving overall financial performance through strategic support and tools.
- Establishing solid financial practices, including planning, costing, reporting, and controls.
- Improving cash flow management to prevent financial shortages and capitalize on opportunities.
- Enhancing financial performance by optimizing the use of accounting software and financial management tools.
- Implementing systems and processes to monitor and boost business performance and profits.
grant_single|admissibleProjectsExample
$ 30,000
Implementing a comprehensive financial management system for a small business
$ 25,000
Optimizing cash flow management for an NPO with dedicated tools and training
$ 35,000
Creating an operational efficiency plan for a social enterprise
$ 45,000
Developing a leadership training program for financial managers
$ 32,000
Developing a digital technology training program for small businesses
$ 20,000
Enhancing e-commerce capabilities for a cooperative with financial management tools
grant_single_labels|admissibility
- Businesses must be based in Canada
- Businesses must be looking to improve their financial management practices
- Businesses must be interested in maximizing profits and strengthening their company's value
grant_eligibility_criteria|who_can_apply
Canadian small and medium-sized enterprises (SMEs) seeking to improve various aspects of financial management, operational efficiency, and business strategy can apply for the grant. These companies should need support in mastering business's finances, establishing solid financial practices, controlling cash flow, and improving financial performance. Additionally, businesses looking to get financing for BDC advisory services to enhance their financial management capabilities are also eligible to apply.
grant_eligibility_criteria|who_cannot_apply
Some types of companies may not be eligible for this grant. The eligibility criteria are not explicitly mentioned in the grant context provided.
Therefore, it is best to contact the relevant authorities or consult the official grant guidelines for detailed information on eligibility.
grant_eligibility_criteria|eligible_expenses
This program is designed to help businesses achieve financial mastery, improve cash flow management, and enhance financial performance by leveraging BDC advisory services. Eligible projects focus on establishing solid financial practices, optimizing cash flow, and implementing tools and processes for better financial oversight.
- Establish robust financial management practices across planning, costing, reporting, and controls.
- Enhance cash flow management to capitalize on growth opportunities and prevent liquidity issues.
- Improve the utilization of accounting software along with tools and processes to boost financial performance and profitability.
- Adopt a structured, action-oriented financial management approach with coaching and practical tools.
grant_single_labels|criteria
The evaluation and selection of projects for this grant require alignment with the grant's objective of mastering financial management practices.
- Demonstrated need for improved financial management practices.
- Potential for enhanced cash flow management.
- Capacity for utilizing financial management tools effectively.
- Expected impact on business performance and profitability.
- Commitment to implementing a structured financial management approach.
grant_single_labels|register
- Step 1: Initial Contact
- Reach out to a BDC representative to inquire about the eligibility and financing options.
- Schedule a consultation to discuss your business's specific needs and objectives.
- Step 2: Consultation and Assessment
- Participate in a detailed assessment of your business's financial management practices by BDC experts.
- Collaborate with consultants to identify areas of improvement and potential services required.
- Step 3: Proposal Development
- Work with BDC advisors to develop a tailored proposal outlining the scope of advisory services needed.
- Step 4: Application Submission
- Prepare and compile necessary documentation as advised by BDC representatives.
- Submit your application and proposal as directed by your BDC advisor.
- Step 5: Receipt of Application
- Receive confirmation of application receipt from BDC.
- Ensure to keep a record of confirmation details.
grant_single_labels|otherInfo
Here is additional relevant information for this grant:
- BDC advisory services are available to support financial management improvements in businesses, providing assistance from experts.
- Applicants can inquire about financing options to help cover the cost of these advisory services.
- Testimonials indicate substantial benefits in improved cash flow management and business performance after using these advisory services.
