BDC Financing — Purchase Order Loan
Purchase order financing for entrepreneurs
At a glance
Eligible Funding
- From 100,000$ to 750,000$
- 90% of project cost
Timeline
- Open Date : March 23, 2022
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- Business Development Bank of Canada
- Government of Canada
Status
Open
Overview
Get a loan to help your business pay suppliers upfront, expand into new markets and fulfill orders quickly.
Eligibility criteria
Who is eligible
There are eligible types of companies for this grant.
- Small Businesses
- Tech Companies
- Indigenous Entrepreneurs
- Newcomers to Canada
Eligible expenses
Eligible expenses for this grant include covering a significant portion of the purchase order amount and repaying the loan over up to 18 months. Some specific eligible expenses are:
- Complementing your line of credit
- Accepting larger contracts and purchasing inventory to fulfill orders quickly
- Launching growth projects and expanding into new markets
- Improving profitability by paying suppliers upfront for discounts
- Aligning loan repayment to PO payment terms with flexibility
- Discrete financing with direct disbursement to pay suppliers
- Avoiding currency exchange fluctuations with funds disbursed in Canadian or U.S. currency
How to apply
- Step 1: Complete the online application form
- Step 2: Provide required documentation such as purchase orders, supplier quotes, and business financials
- Step 3: Wait for the BDC to review your application and make a decision
- Step 4: If approved, receive financing to cover a significant portion of the purchase order amount
- Step 5: Repay the loan over a period of up to 18 months
Apply to this program
