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BDC Financing — Commercial Real Estate Loan

Long-term financing for commercial real estate

Source change captured

Funding available
$ 100,000
Up to 100% of project cost
Deadline
Open continuously
Location
Canada
Who can apply
Any Canadian entrepreneur with a viable business plan
See full eligibility

Overview

A long-term financing solution helps businesses buy, build, renovate, or expand commercial real estate. It offers up to 100% financing, interest-only payments for up to 36 months, and repayment terms of up to 25 years.

At a glance

Funding available

Minimum funding
$100,000
Maximum share of project costs
100%
Financing goals
  • Improve business energy efficiency
  • Renovate or expand facilities
  • Renovate or adapt facilities

Eligible candidates

Location
  • Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon
Eligible Industries
All industries
Annual revenue
All revenue ranges
Organisation size
All organization sizes
Audience
  • Canadians
Legal structures
Sole proprietorship, For-profit business

Start applying for this program

Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.

Availability timeline

2026
Periods: 1

Latest changes

Commercial Real Estate Loan criteria and terms updated

BDC’s Commercial Real Estate Loan page now shows expanded eligibility requirements, updated loan amount guidance, and revised FAQ content.

See more

BDC’s Commercial Real Estate Loan page now spells out detailed eligibility expectations, including Canadian registration, operating history, profitability, credit, ownership age, business plan, and collateral requirements. It also now states that the loan typically starts at $100,000 and can go up to several million dollars, and that financing may cover up to 100% of project costs depending on the project. The FAQ content was revised to replace the earlier exclusion and document-list guidance with new explanations about eligibility, down payment expectations, credit, rates, and loan amount guidance. The application form page also changed some wording, including “annual sales” to “annual revenue” and the funds question to ask when the funds should be available.

Official source: bdc.ca
September 16, 2026

Eligibility

Who is eligible?

  • Any Canadian entrepreneur with a viable business plan
  • Growing companies and established businesses across most sectors
  • Owners, CEO, and shareholders must have reached the age of majority

Who is not eligible

  • Private schools
  • Retirement homes
  • Residential development projects

Eligible expenses

  • Commercial land or building purchase
  • Construction costs
  • Renovations or expansions
  • Moving costs and down payments
  • Working capital tied to real estate costs

Ineligible Costs and Activities

  • Construction or operation of private schools
  • Retirement homes
  • Residential development projects

Eligible geographic areas

  • Canada

Activities funded

  • Buy or build a commercial space as an owner
  • Renovate a commercial space as an owner
  • Renovate a commercial space as a tenant
  • Buy a property to rent out to a commercial tenant
  • Buy or build a hotel or motel

How to apply

  • Step 1: Submit a loan request online
    • Provide information about your project and business.
  • Step 2: Talk to a representative
    • Discuss your project in detail.
    • Receive information on the documents needed for analysis.
  • Step 3: Get a tailored solution
    • Receive a loan offer based on your financial needs and capabilities if approved.

Documents Needed

  • Company financial statements
  • Purchase offer
  • Phase I environmental report
  • Assessment report (asset and/or structure value)
  • List of leases, if applicable

Processing and Agreement

  • Applications are reviewed after submission
  • A representative contacts the applicant to discuss the project
  • If approved, a loan offer is sent

Additional information

  • Loan terms are subject to approval.
  • A free commercial real estate toolkit is available.

Contacts

Official sources

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Frequently Asked Questions about the BDC Financing — Commercial Real Estate Loan Program

What is the BDC Financing — Commercial Real Estate Loan?

A long-term financing solution helps businesses buy, build, renovate, or expand commercial real estate. It offers up to 100% financing, interest-only payments for up to 36 months, and repayment terms of up to 25 years.

How much funding can be received?

BDC Financing — Commercial Real Estate Loan Funds up to 100% of admissible expenses.

What is the deadline to apply?

The program is accepting continuous intake

Who is eligible for the BDC Financing — Commercial Real Estate Loan program?

To be eligible for the BDC Financing — Commercial Real Estate Loan program, you must: Based in Canada 24+ months of revenue Good credit history

What expenses are eligible under BDC Financing — Commercial Real Estate Loan?

Commercial land or building purchase Construction costs Renovations or expansions Moving costs and down payments Working capital tied to real estate costs

Who can I contact for more information about the BDC Financing — Commercial Real Estate Loan?

You can contact Business Development Bank of Canada (BDC) or by phone at 1-877-232-2269.

Where is the BDC Financing — Commercial Real Estate Loan available?

The BDC Financing — Commercial Real Estate Loan program is available the province of Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon.