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Source verified September 14, 2026
BDC Financing — Business purchase or transfer loan
Financing for buying or transferring a business
Latest source updateLast Update: September 23, 2026Latest change: BDC’s business purchase or transfer loan form no longer states minimum borrowing amounts of $10,000 or $350,000, and the request form still directs applicants seeking $350,000 or less to the Small Business Loan.View change
Latest source update
Last Update: September 23, 2026
Latest change: BDC’s business purchase or transfer loan form no longer states minimum borrowing amounts of $10,000 or $350,000, and the request form still directs applicants seeking $350,000 or less to the Small Business Loan.
Loan form removes borrowing minimums
BDC updated the business purchase or transfer loan forms so the borrowing minimums are no longer shown on the eligibility check form, where the text now only asks applicants to enter the amount they want to borrow. On the business loan request form, the lower threshold of $10,000 was removed, while the instruction to enter an amount higher than $350,000 remains and applicants seeking $350,000 or less are still directed to the Small Business Loan.
Funding available
$ 10,000
Deadline
Open continuously
Location
Canada
Who can apply
Canadian citizens or permanent residents who have reached the age of majority in the province or territory in which they live
See full eligibility
Overview
BDC's Business Purchase or Transfer Loan supports Canadian businesses based in Canada that generate revenue and have a good track record. It can help with purchasing an existing business, refinancing vendor financing, and covering extra costs such as lawyer's fees or moving costs.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental footprint
- Renovate or expand facilities
Eligible Funding
- Minimum amount : 10,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- 2SLGBTQI+
Next Steps
1
Determine your project
2
Validate your eligibility
Availability timeline
2026
Periods: 1
Activities funded
- Buy an existing business
- Purchase a competitor or a supplier
- Complete a management or employee buyout
- Take over a family business
- Refinance seller financing (vendor take-back)
Documents Needed
- A draft purchase agreement or letter of intent
- Notices of Assessment for the past 2 years
- The business financial statements or complete income tax returns (T2 or T1 for a sole proprietorship) for the past 2 years
Official resources
Program guide
Application form
Eligibility
Who is eligible?
- Canadian citizens or permanent residents who have reached the age of majority in the province or territory in which they live
Eligible expenses
- Legal fees
- Moving expenses
- Other one-time costs
Eligible geographic areas
- Canada
How to apply
- Tell BDC about the acquisition project, including the business to buy and how much you want to borrow.
- BDC reviews the information provided and determines the next steps for the project.
- Discuss available options with a BDC representative, who will contact you and outline the next steps.
Processing and Agreement
- BDC will analyze your information and determine the next steps for your project.
- A BDC representative will contact you to review your options and outline the next steps.
Contacts
Frequently Asked Questions about the BDC Financing — Business purchase or transfer loan Program
What is the BDC Financing — Business purchase or transfer loan?
BDC's Business Purchase or Transfer Loan supports Canadian businesses based in Canada that generate revenue and have a good track record. It can help with purchasing an existing business, refinancing vendor financing, and covering extra costs such as lawyer's fees or moving costs.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the BDC Financing — Business purchase or transfer loan program?
To be eligible for the BDC Financing — Business purchase or transfer loan program, you must:
The applicant must be a Canadian citizen or permanent resident and have reached the age of majority in the province or territory where they live.
The business must be based in Canada, generate revenue, and have a good track record.
A negotiated agreement to buy another company must already be in place before the request is reviewed.
What expenses are eligible under BDC Financing — Business purchase or transfer loan?
Buy an existing business
Purchase a competitor or a supplier
Complete a management or employee buyout
Take over a family business
Refinance seller financing (vendor take-back)
Who can I contact for more information about the BDC Financing — Business purchase or transfer loan?
You can contact Business Development Bank of Canada (BDC) or by phone at 1-877-232-2269.
Where is the BDC Financing — Business purchase or transfer loan available?
The BDC Financing — Business purchase or transfer loan program is available across Canada.
Is the BDC Financing — Business purchase or transfer loan a grant, loan, or tax credit?
BDC Financing — Business purchase or transfer loan is a Loans and Capital investments