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Source verified August 9, 2026
BDC Financing — Newcomer Entrepreneur Loan
Support for newcomer entrepreneurs
Funding available
$ 25,000 - $ 50,000
Deadline
Open continuously
Location
Canada
Overview
BDC's Newcomer Entrepreneur Loan offers up to $50,000 to newcomer entrepreneurs in Canada to help them grow a business. Eligible applicants must have immigrated to Canada less than three years ago, hold permanent resident or protected person status, and have a viable business plan.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop strategic partnerships
- Develop workforce skills
Eligible Funding
- Maximum amount : 50,000 $
- Minimum amount : 25,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- Sole proprietorship
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Newcomers to Canada
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Growing your company.
Documents Needed
- Business plan.
- Proof of permanent resident or protected person status.
- Information supporting business operations and revenues.
Official resources
Eligibility
Who is eligible?
- Newcomer entrepreneurs.
Who is not eligible
- Businesses operating for less than 12 months.
- Businesses that are not generating revenues.
Eligible expenses
This grant does not specify particular projects or activities that are eligible. Instead, it provides financial support and resources for newcomer entrepreneurs looking to establish or grow their businesses in Canada. The focus is on offering access to loans, mentoring, and advisory services to help overcome challenges faced by immigrant business owners.
Eligible geographic areas
- Canada
Selection criteria
There are evaluation and selection criteria for the Newcomer Entrepreneur Loan:
- Length of operation (must be at least 12 months with generated revenues)
- Immigrated to Canada less than three years ago
- Permanent resident status or protected person status
- Viable business plan
How to apply
- Apply now.
Processing and Agreement
- Subject to approval.
Additional information
- BDC offers content in Arabic, Punjabi, Simplified Chinese, Traditional Chinese, Tagalog, and Spanish.
- The loan is subject to approval.
- Other financing options are available through Futurpreneur Canada and BDC.
Frequently Asked Questions about the BDC Financing — Newcomer Entrepreneur Loan Program
What is the BDC Financing — Newcomer Entrepreneur Loan?
BDC's Newcomer Entrepreneur Loan offers up to $50,000 to newcomer entrepreneurs in Canada to help them grow a business. Eligible applicants must have immigrated to Canada less than three years ago, hold permanent resident or protected person status, and have a viable business plan.
How much funding can be received?
BDC Financing — Newcomer Entrepreneur Loan Funds up to $50,000 of admissible expenses.
Who is eligible for the BDC Financing — Newcomer Entrepreneur Loan program?
To be eligible for the BDC Financing — Newcomer Entrepreneur Loan program, you must:
Immigrated to Canada less than three years ago.
Permanent resident or protected person status.
Viable business plan.
Who can I contact for more information about the BDC Financing — Newcomer Entrepreneur Loan?
You can contact Business Development Bank of Canada (BDC).
Where is the BDC Financing — Newcomer Entrepreneur Loan available?
The BDC Financing — Newcomer Entrepreneur Loan program is available across Canada.
Is the BDC Financing — Newcomer Entrepreneur Loan a grant, loan, or tax credit?
BDC Financing — Newcomer Entrepreneur Loan is a Loans and Capital investments
Who are the financial supporters of the BDC Financing — Newcomer Entrepreneur Loan?
BDC Financing — Newcomer Entrepreneur Loan is funded by Business Development Bank of Canada (BDC)