grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateNovember 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Manufacturing
  • Transportation and warehousing
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 loan to cover up to 125% of the purchase cost of new or used equipment for your business.

grant_single_labels|projects

The BDC Prêts pour acheter de l’équipement does not specify any particular geographical restrictions, indicating that eligibility is likely open to companies across Canada. As it is offered by the Business Development Bank of Canada, it may be assumed to be available nationwide, but this should be confirmed through direct consultation with BDC.
grant_single|admissibleProjectsExample

$437,500

Edmonton
Purchase modern manufacturing equipment to increase production capacity

$218,750

Montreal
Acquire specialized lab equipment to enhance research capabilities

$212,500

Halifax
Acquire new theater equipment to enhance community cultural activities

$187,500

Toronto
Upgrade production line with new automated machinery for increased efficiency

$412,500

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

$175,000

Calgary
Invest in new IT infrastructure to streamline business operations

grant_single_labels|admissibility

Eligibility for the BDC Equipment Purchase Loan is generally related to the applicant's business operations and their plans for equipment acquisition and business growth.
  • The business must be seeking to expand, modernize, or replace outdated machinery.
  • The loan is applicable for acquiring new or used equipment, including production machinery, automated tools, computer hardware, or specialized instruments.
  • The loan can also be used for purchasing commercial vehicles or for enhancing operational efficiency.
  • Applicants should be planning to improve production capacity or improve the efficiency of business operations.
  • Businesses must seek to replenish working capital depleted by equipment costs.

grant_eligibility_criteria|who_can_apply

BDC Prêts pour acheter de l’équipement is designed for business owners looking to expand and modernize operations, or to replace outdated machinery. It provides funding for acquiring new or used equipment and computers to enhance production capacity and promote growth. You can finance production line equipment, automated tools, robotics systems, computer hardware, and specialized instruments."

grant_eligibility_criteria|eligible_expenses

This financing solution is aimed at helping businesses to enhance their production capabilities and upgrade outdated machinery. Eligible activities focus on increasing production capacity, improving efficiency, and providing flexibility in financial management.
  • Purchasing production line equipment, automated tools, robotics systems, computer hardware, or specialized instruments such as laboratory equipment.
  • Investing in commercial vehicles or modernizing business operations to improve efficiency.
  • Replenishing working capital depleted by equipment costs, thereby enhancing credit margin.
  • Covering transportation, installation, and training costs associated with new equipment acquisitions.

grant_eligibility_criteria|zone

The loan for equipment purchase from BDC Prêts covers expenses related to acquiring and utilizing equipment for business enhancement.
  • Cost of purchasing new or used equipment and computers.
  • Expenses related to transportation of equipment.
  • Installation fees for setting up equipment.
  • Training costs for using new equipment.

grant_single_labels|register

  • Step 1: 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.
  • Step 2: 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.
  • Step 3: 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.
  • Step 4: 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.
  • Step 5: Application Review
    • Wait for the BDC to review your application. They may contact you for further information or clarification.
  • Step 6: 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.

grant_single_labels|otherInfo

The Prêt pour équipement program offers unique benefits and customizable options for Canadian businesses:
  • Financing extends up to 125% of the equipment purchase price, allowing applicants to cover additional related costs.
  • Borrowers have up to 12 years to repay the loan, offering long-term financial planning benefits.
  • Initial capital payments can be deferred for up to 24 months, providing cash flow flexibility.
  • The loan can be utilized to improve production capacity and efficiency or replenish working capital depleted by equipment costs.
  • Payment schedules can be adjusted to align with business cash flows, optimizing financial management.
  • Additional funding is available to cover transportation, installation, and training costs associated with the equipment.

grant_single_labels|documents

BDC Financing — Equipment Purchase Loan

Apply to this program