grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Business Development Bank of Canada (BDC)
  • Government of Canada
grant_single|status
grant_card_status|open

grant_single_labels|preview

Apply online for a business loan of up to $100,000 with flexible repayment terms. Use this financing to supplement cash flow, improve operations, or cover expenses for your small business.

grant_single_labels|terms_and_conditions

  • Loans available for up to $100,000 per project, subject to approval and BDC analysis.
  • Repayment over 60 months (5 years), with principal payments postponed for the first 6 months—only interest is payable during this period.
  • No application fees; however, an annual loan management fee of $150 applies after acceptance, and amendments to the loan contract incur a fee of $150 per change.
  • No penalties for early or lump-sum repayments.

grant_single_labels|projects

  • Expanding cash flow to pursue new business opportunities or address challenges.
  • Acquiring or upgrading equipment, software, or technology.
  • Launching or expanding online sales and enhancing digital presence.
  • Upgrading websites, purchasing inventory, or investing in marketing campaigns.
  • Covering operational expenses such as payments to suppliers, landlords, or employees.
grant_single|admissibleProjectsExample

$ 75,000

Upgrade office equipment to enhance productivity and operational efficiency

$ 85,000

Purchase inventory to prepare for seasonal demand and prevent stockouts

$ 50,000

Hire a consultant to streamline our supply chain and reduce operational costs

$ 60,000

Run a comprehensive marketing campaign to increase brand awareness

$ 75,000

Upgrade e-commerce platform to expand online presence and increase sales

$ 100,000

Supplement cash flow to maintain operations during the off-peak season

grant_single_labels|admissibility

  • The business must be based and registered in Canada.
  • The business must have been operating and generating revenue for at least 24 months.
  • Shareholders must have reached the age of majority in their province or territory.
  • The business must have a good credit history.

grant_eligibility_criteria|who_can_apply

  • Canadian-based small businesses operating and generating revenue for at least 2 years

grant_eligibility_criteria|who_cannot_apply

Yes, there are certain types of companies that are not eligible for this grant:
  • Companies that are not based and registered in Canada.
  • Businesses that have not been operating and generating revenue for at least 2 years.
  • Firms with shareholders owning 25% or more who do not live in Canada and do not follow specific guidelines.

grant_eligibility_criteria|eligible_expenses

  • Purchase of equipment, software, or hardware
  • Website upgrades
  • Inventory purchases
  • Marketing campaign expenses
  • Consulting fees
  • Supplier payments
  • Rent payments to landlords
  • Employee salaries and payroll expenses

grant_eligibility_criteria|zone

  • Businesses based and registered in Canada.

grant_single_labels|criteria

The evaluation and selection criteria for the BDC’s small business loan involve meeting eligibility requirements and passing the due diligence review.
  • Canadian-based business with operating revenues for at least 24 months
  • Company’s shareholders must have reached the age of majority
  • Good credit history for the company and its shareholders
  • Completion of the online loan application process
  • Authorization and consent from required individuals
  • Provision of necessary business and personal information

grant_single_labels|apply

1
Check Eligibility
  • Ensure your business is based and registered in Canada.
  • Verify that you have a good credit history.
  • Confirm that your business has been generating revenue for at least 2 years.
2
Prepare Necessary Information
  • Gather business information as listed in your business registry.
  • Collect personal and contact details of the company president, board of directors, and shareholders.
  • Obtain a business void cheque or pre-authorized payment form.
  • Ensure you have a piece of government-issued photo ID ready.
3
Create Client Space Account
  • Visit the BDC website to create a Client Space account.
  • Follow the instructions to set up the account with a unique email and mobile number for two-factor authentication.
4
Fill Out Online Loan Application
  • Log into your Client Space account.
  • Complete the loan application form with all required information.
  • Upload necessary documents such as business registry and cheque specimen.
5
Provide Consents and Verifications
  • Ensure consents are provided by all shareholders owning 25% or more and a board member.
  • Complete digital ID verification with a selfie and ID upload.
6
Submit Application
  • Review the completed application for accuracy.
  • Submit the application through your Client Space account.
7
Await Loan Offer
  • Check the status of your application in Client Space.
  • Receive a loan offer if approved.
8
Accept Loan Offer
  • Review and accept the loan offer through your Client Space account.
  • Sign all related documents as prompted.
9
Receive Funds
After acceptance, funds are disbursed to your business account.

grant_single_labels|otherInfo

  • The identity verification process requires a selfie and the provision of identification documents in two separate steps to protect privacy.
  • If a shareholder with 25% or more ownership is not a Canadian resident, an online application is not permitted, but direct support is available.
  • All shareholders and directors must provide individual consents and create their own separate Client Space accounts for security and transparency.
  • The digital loan management platform, Client Space, allows applicants to track, manage, and share access to their loan information securely 24/7.

grant_single_labels|contact

1-800-974-0005

Apply to this program

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