
BDC Financing — Small Business Loan
grant_single|update May 21, 2025
Canada
Loan for small business owners
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
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