How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the BDC Financing — Business Transition Loan?

BDC Financing — Business Transition Loan is funded by Business Development Bank of Canada (BDC), Government of Canada

What are BDC Financing — Business Transition Loan's eligibility criterias?

Businesses must have 12-24 months of generating revenues. Loans are tailored to the needs of Indigenous entrepreneurs or newcomers to Canada.

BDC Financing — Business Transition Loan

grant_single|update January 24, 2025

Canada

Business purchase or transfer financing

grant_single_labels|summary

grant_single_labels|preview

grant_single_labels|projects

grant_single_labels|admissibility

grant_single_labels|criteria

grant_single_labels|apply

grant_single_labels|otherInfo

grant_single_labels|summary

grant_single|eligibleFinancing

grant_single|noCondition

grant_single|deadlines

grant_single|timelineUnspecified

grant_single|financingType

Loans and Capital investments

grant_single|eligibleIndustries

Manufacturing
Retail trade
Accommodation and food services

grant_single|grantors

Business Development Bank of Canada (BDC)
Government of Canada

grant_single|status

grant_card_status|open

grant_single_labels|preview

Get a repayable loan with terms tailored to your business if you are thinking of buying a company, making a merger or acquiring a competitor in order to expand your operations.

grant_single_labels|projects

This grant supports activities aimed at facilitating business transitions and acquisitions for growth and expansion. Eligible projects focus on securing financing for purchasing, transitioning, or expanding business operations.

Acquisition of fixed assets such as land, buildings, and equipment.
Purchase of shares of an existing business.
Executing a family succession or a management buyout (MBO).
Refinancing vendor financing (vendor take-back).
Acquisition of intangible assets including intellectual property, goodwill, and client lists.

grant_single|admissibleProjectsExample

$ 450,000

Acquire intangible assets like goodwill and client lists

$ 750,000

Purchase industrial equipment for a new manufacturing line

$ 1,000,000

Acquire a commercial property in downtown Toronto to expand operations

$ 900,000

Buyout a local competitor to consolidate market presence

$ 400,000

Family succession buyout of a local bookstore

$ 800,000

Acquire shares of an existing business to expand service offerings

grant_single_labels|admissibility

To qualify for this specialized loan program, businesses must meet certain criteria that ensure they are well-equipped to handle and benefit from the financial assistance provided.

The business must have been generating revenues for 12 to 24 months.
The loan is aimed at those looking to purchase or transfer a business, acquire fixed or intangible assets, or require working capital.
Programs are available for Indigenous entrepreneurs and newcomers to Canada.
The business should be in need of a financing solution tailored to specific needs, such as buying land, buildings, equipment, or shares in an existing business.
The loan amount must be considered above $350,000 to take advantage of preferred terms and conditions.
The applicant must demonstrate the need for a higher percentage of financing with payments matched to their cash flow.

grant_eligibility_criteria|who_can_apply

Eligible applicants for the BDC loan offerings are primarily small and medium-sized businesses (SMEs) in Canada, including entrepreneurs and business owners looking to expand, acquire, or transition their businesses. This includes indigenous entrepreneurs and newcomers to Canada who are seeking financing solutions tailored to their business needs. The loans are designed for businesses generating revenues for 12-24 months and include support for inclusive entrepreneurship. Tech companies and businesses looking to purchase assets or buy out a company are also eligible. Additional financing solutions are available for asset-light companies through Growth & Transition Capital experts.

grant_eligibility_criteria|eligible_expenses

The eligible projects for this grant are focused on facilitating business growth through strategic acquisitions and obtaining necessary assets. These activities aim to empower entrepreneurs to expand and strengthen their businesses.

Acquisition of fixed assets such as land, buildings, equipment, and shares of an existing business.
Securing financing for family succession, management buyout (MBO), or refinancing vendor financing (vendor take-back).
Acquisition of intangible assets, including intellectual property, goodwill, and client lists.

grant_single_labels|criteria

There are evaluation and selection criteria for this grant. The criteria include:

Financial stability and creditworthiness of the applicant
Purpose of the loan and its alignment with business growth
Experience and track record of the business owner
Potential impact of the loan on the business and the local economy

grant_single_labels|apply

grant_single_labels|otherInfo

Here are additional relevant details for this loan:

This loan offers tailored amounts to suit the specific needs of the applicant.
Higher percentage of financing is available compared to other loans.
Repayment terms are matched to the applicant's cash flow, providing flexibility.
Preferred terms and conditions apply for loans over $350,000.
Bespoke financial solutions are available for companies that do not possess significant tangible assets or require non-traditional financing options.
Specific solutions are designed for Indigenous entrepreneurs and newcomers to Canada.
Testimonials suggest a strong partnership and support system from BDC, emphasizing trust and transparency.
Approval and conditions apply as per BDC guidelines.