How much funding can be received?

Funds up to 125% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the BDC Financing — Equipment Purchase Loan?

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

What are BDC Financing — Equipment Purchase Loan's eligibility criterias?

Must be a for-profit business seeking to acquire equipment Financing intended for new or used equipment, computers, or commercial vehicles

BDC Financing — Equipment Purchase Loan

Last Update: June 3, 2025

Canada

Flexible government financing for equipment and business modernization

BDC Financing — Equipment Purchase Loan at a glance

Eligible Funding

Up to 125% of project cost

Timeline

Open Date : November 14, 2019

Financing Type

Loans and Capital investments

Eligible Industries

Manufacturing
Transportation and warehousing

Grant Providers

Business Development Bank of Canada (BDC)
Government of Canada

Status

Open

Overview of the BDC Financing — Equipment Purchase Loan program

The BDC Financing — Equipment Purchase Loan provides up to 125% financing to support the acquisition of new or used equipment, computers, and specialized instruments, including related costs such as transport, installation, and training. This program aims to help businesses increase production capacity, improve operational efficiency, or replenish working capital depleted by equipment expenses.

Financing terms and conditions

Financing of up to 125% of the equipment purchase cost, which can also cover related expenses such as transportation, installation, and training.
Repayment term of up to 12 years for the loan.
Possible deferral of principal repayments for up to 24 months.

Eligible projects & activities

Expansion or modernization of business operations through the purchase of new or used equipment.
Replacement of outdated machinery to increase production capacity.
Implementation of automated tools, robotics systems, or specialized instruments to enhance productivity.
Investment in commercial vehicles to improve operational efficiency.
Acquisition of computers or IT equipment to support business growth.

Examples of admissible projects:

$ 437,500

Purchase modern manufacturing equipment to increase production capacity

$ 218,750

Acquire specialized lab equipment to enhance research capabilities

$ 212,500

Acquire new theater equipment to enhance community cultural activities

$ 187,500

Upgrade production line with new automated machinery for increased efficiency

$ 412,500

Purchase a fleet of electric delivery vehicles to modernize our delivery operations

$ 175,000

Invest in new IT infrastructure to streamline business operations

Eligibility criteria of the BDC Financing — Equipment Purchase Loan program

The applicant must be seeking financing to purchase new or used equipment, vehicles, or computers for business operations.
The financing request must be related to expanding, modernizing, or replacing business machinery or equipment.
The project should aim to increase production capacity, improve operational efficiency, or support specialized activities through equipment acquisition.

Who is eligible?

Companies seeking to purchase new or used equipment
Businesses looking to acquire computers or IT equipment
Firms planning to invest in production machinery, automation, or robotics
Enterprises needing to modernize operations, including the purchase of commercial vehicles
Organizations requiring specialized instruments or laboratory equipment

Eligible expenses

Purchase of new or used equipment for production.
Acquisition of automated tools, robotics systems, and specialized instruments such as laboratory equipment.
Purchase of computer hardware.
Purchase of commercial vehicles.
Transportation and installation fees related to equipment.
Training expenses linked to the use of new equipment.

Eligible geographic areas

Companies located in Canada.

How to apply to the BDC Financing — Equipment Purchase Loan program

Initial Inquiry

Contact a BDC representative to discuss your equipment financing needs and eligibility.
Gather preliminary information on potential financing solutions tailored to your business.

Application Preparation

Collect necessary financial documents such as recent financial statements, business plan, and equipment purchase details.
Outline the purpose of the equipment purchase and how it will benefit your business.

Complete Application Form

Access the BDC online application portal or request a paper form, if available.
Fill out the application form with accurate business information and financial data.

Submit Application

Upload or send your completed application form along with all required documents through the BDC portal or via mail.
Ensure all sections are complete and documents are attached before submission.

Application Review

Wait for the BDC to review your application. They may contact you for further information or clarification.

Approval and Funding

Receive notification of approval and review the loan terms and conditions if your application is successful.
Once terms are agreed, access the funds as per the disbursement schedule outlined by BDC.