BDC Financing — Buying a Business Loan
Canada
Loan to buy an existing business
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
- Information and cultural industries
- Accommodation and food services
- Other services (except public administration)
grant_single|grantors
- Business Development Bank of Canada (BDC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get an asset-based loan to acquire an existing business or the business of a competitor or supplier.
grant_single_labels|projects
- Acquire fixed assets
- Buyout a business
- Acquire intangible assets
grant_single|admissibleProjectsExample
$120,000
Vancouver
Acquire a competitor's gym equipment to expand fitness center operations
$80,000
Montreal
Acquire an existing coffee shop including fixed and intangible assets
$70,000
Ottawa
Buyout of a local bookstore including inventory and business relationships
$150,000
Toronto
Purchase of competitor bakery equipment and assets for business expansion
$180,000
Calgary
Acquire local farm equipment to expand agricultural production
$70,000
Toronto
Acquire software licenses and database from a competing tech startup
grant_single_labels|admissibility
Eligibility criteria for the Business Purchase or Transfer Loan:
- Applicants must be looking to acquire a company, make a merger, or acquire a competitor to expand their business.
- Loan amounts are tailored to the specific needs of the business, with payments matched to cash flow.
grant_eligibility_criteria|who_can_apply
Eligible types of companies for this grant include businesses looking to acquire fixed assets, buyout another business, or acquire intangible assets.
- Companies looking to purchase land, buildings, equipment, or shares of an existing business.
- Businesses seeking financing for a family succession, management buyout, or to refinance vendor financing.
- Enterprises in need of additional funding to obtain intellectual property, goodwill, or client lists.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The criteria include:
- Optimal financing structure tailored to your needs
- Extra support available when needed
- Consistent terms and conditions
grant_single_labels|register
- Step 1: Fill out the application form online
- Step 2: Provide necessary documents such as financial statements and business plans
- Step 3: Wait for approval from the funding institution
Apply to this program
