Open
Source verified July 8, 2026
BDC Financing — Small Business Loan
Flexible financing for business growth and operations
Funding available
$ 350,000
Deadline
Open continuously
Location
Canada
Overview
The BDC Small Business Loan offers up to $350,000 in financing for business growth and operational needs. Eligible uses include buying inventory, developing new products, improving energy efficiency, marketing, hiring or training employees, obtaining certifications, and expanding into new markets.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Obtain certifications or accreditations
- Reduce environmental footprint
Eligible Funding
- Maximum amount : 350,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Buying inventory to support operations or growth.
- Developing new products.
- Improving energy efficiency.
- Launching marketing campaigns.
- Expanding into new markets.
Documents Needed
- One piece of government-issued photo ID
- Business void cheque
- Financial statements for the last 2 years for loans between $100K and $350K
Official resources
Eligibility
Who is eligible?
- Businesses based in Canada
- Businesses generating revenue for more than 24 months
Who is not eligible
- Companies where a shareholder holding 25% or more of the shares does not reside in Canada (not eligible for online application, an alternative process applies).
Eligible expenses
- Purchase of inventory
- Development of new products
- Enhancement of energy efficiency
- Marketing campaign expenses
- Supplier payments
- Hiring or training of employees
- Costs for obtaining industry-specific certifications
- Expenses to support expansion into new markets
Eligible geographic areas
- Canada
Selection 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
How to apply
- Check eligibility online using the financing eligibility checker.
- Apply online by providing information about you, your business, its leadership, and shareholders.
Processing and Agreement
- Loan requests are processed as quickly as possible, depending on how many loan requests are received and how quickly all necessary information is provided.
- If the loan request is under $100,000, fewer documents are required and the process is generally faster.
- Loans under $100K can be approved in less than 10 days, while loans between $100K and $350K can be approved in less than 30 days, subject to approval and the timely completion of the application, including providing all relevant information.
- After approval, funds could be available in less than a week.
Additional information
- Approval timeframes differ by amount requested; loans under $100,000 can be approved in less than 10 days, while those up to $350,000 may take up to 30 days.
- No application or prepayment fees are charged for loans under $100,000; certain fees may apply to higher loan amounts.
- Interest rates are individually determined and may vary based on business and personal client information.
- The application process requires both business and personal details, including government-issued photo ID and business registry documents.
Contacts
Frequently Asked Questions about the BDC Financing — Small Business Loan Program
What is the BDC Financing — Small Business Loan?
The BDC Small Business Loan offers up to $350,000 in financing for business growth and operational needs. Eligible uses include buying inventory, developing new products, improving energy efficiency, marketing, hiring or training employees, obtaining certifications, and expanding into new markets.
How much funding can be received?
BDC Financing — Small Business Loan Funds up to $350,000 of admissible expenses.
Who is eligible for the BDC Financing — Small Business Loan program?
To be eligible for the BDC Financing — Small Business Loan program, you must:
Based in Canada
Generating revenue for more than 24 months
Generating profits and a good credit history
What expenses are eligible under BDC Financing — Small Business Loan?
Buying inventory to support operations or growth.
Developing new products.
Improving energy efficiency.
Launching marketing campaigns.
Expanding into new markets.
Who can I contact for more information about the BDC Financing — Small Business Loan?
You can contact Business Development Bank of Canada (BDC) or by phone at 18772322269.
Where is the BDC Financing — Small Business Loan available?
The BDC Financing — Small Business Loan program is available across Canada.
Is the BDC Financing — Small Business Loan a grant, loan, or tax credit?
BDC Financing — Small Business Loan is a Loans and Capital investments