BDC Financing — Purchase Order Loan
Canada
Purchase order financing for entrepreneurs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateMarch 23, 2022
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Manufacturing
- Wholesale trade
- Retail trade
- Transportation and warehousing
- Information and cultural industries
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 help your business pay suppliers upfront, expand into new markets and fulfill orders quickly.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$450,000
Montreal
Scale up eco-friendly packaging manufacturing by purchasing new machinery and negotiating bulk orders
$200,000
Halifax
Expand community arts programs by funding new events and purchasing necessary supplies
$500,000
Calgary
Launch a new AI-based financial advisory service by developing software and hiring experts
$250,000
Toronto
Expand organic food market presence by purchasing new inventory and accepting larger contracts
$500,000
Vancouver
Upgrade software platform and expand IT services to handle larger client contracts
$500,000
Ottawa
Enhance textile recycling facilities by purchasing advanced sorting equipment and expanding operations
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant.
- Small Businesses
- Tech Companies
- Indigenous Entrepreneurs
- Newcomers to Canada
grant_eligibility_criteria|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
grant_single_labels|register
- 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
