BDC Financing — Equipment Purchase Loan
Loans to purchase equipment
At a glance
Eligible Funding
- 125% of project cost
Timeline
- Open Date : November 14, 2019
Financing Type
Loans and Capital investments
Eligible Industries
- Manufacturing
- Retail trade
- Transportation and warehousing
Grant Providers
- Business Development Bank of Canada
- Government of Canada
Status
Open
Overview
Get a loan to cover up to 125% of the purchase cost of new or used equipment for your business.
Eligibility criteria
To be eligible for this Equipment Purchase Financing grant from BDC, you need to meet the following criteria:
1. Your business must be located in Canada.
2. You must be purchasing new or used equipment for your business.
3. Your company must have a solid credit history and the capacity to repay the loan.
4. The equipment being financed must be used for business purposes.
Additionally, specific terms and conditions may apply based on BDC's approval process.
Who is eligible
Small businesses, start-ups, commercial real estate businesses, tech companies, and businesses looking to purchase or transfer ownership are eligible for this grant.
Eligible expenses
• Purchase production line machinery, hardware, equipment, or specialized equipment such as lab material
• Invest in commercial vehicles or modernize operations
• Replenish working capital depleted by equipment costs
Additional information
- Equipment financing can be used to increase capacity, improve efficiency, or complement your line of credit.
- The financing offers unparalleled flexibility with payments matching your cash flow cycle.
- Additional financing is available for shipping, installation, and training costs.
- Terms and conditions are stable and do not change without due cause.
- Testimonials from successful entrepreneurs highlight the benefits of BDC's financing options.
- Specific solutions are available for Indigenous entrepreneurs or newcomers to Canada.
Apply to this program
