BDC Financing — Start-up
Canada
Loan to grow a business
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
Get up to $250,000 in loans to help get your business off the ground, finance operations and replenish working capital spent on start-up costs, if you've been in business for at least a year.
grant_single_labels|projects
Eligible projects or activities for this grant include jumpstarting projects, complementing line of credit, and building momentum by investing in marketing, websites, or advisory services.
- Get your company off the ground
- Build momentum
- Complement your line of credit
grant_single|admissibleProjectsExample
$90,000
Montreal
Expand a local bakery's online presence and delivery service
$125,000
Toronto
Create a comprehensive marketing strategy for a local non-profit art gallery
$210,000
Vancouver
Launch a new retail store specializing in eco-friendly products
grant_single_labels|admissibility
Eligibility criteria for this grant:
- Canadian-based business
- In operation for at least 12 consecutive months and generating revenues
- Demonstrate realistic market and sales potential
- Good credit history
- You’ve reached the age of maturity in the province or territory where you live
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant:
- Canadian-based business
- In operation for at least 12 consecutive months and generating revenues
- Demonstrate realistic market and sales potential
- Good credit history
- You’ve reached the age of maturity in the province or territory where you live
grant_eligibility_criteria|who_cannot_apply
Some types of companies may not be eligible for this grant:
- Non-Canadian-based businesses
- Businesses not in operation for at least 12 consecutive months and generating revenues
- Companies unable to demonstrate realistic market and sales potential
- Businesses with a poor credit history
- Individuals who have not reached the age of maturity in their province or territory
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include purchasing assets, paying start-up fees, buying a franchise, investing in marketing, a website, or advisory services, and replenishing working capital depleted by start-up costs.
- Purchase assets
- Pay start-up fees
- Buy a franchise
- Invest in marketing, a website, or advisory services
- Replenish working capital depleted by start-up costs
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Canadian-based business
- In operation for at least 12 consecutive months and generating revenues
- Demonstrate realistic market and sales potential
- Good credit history
- You’ve reached the age of maturity in the province or territory where you live
grant_single_labels|register
- Step 1: Check eligibility
- Ensure the business is Canadian-based
- Confirm at least 12 months of operation and revenue generation
- Demonstrate realistic market and sales potential
- Maintain a good credit history
- Verify age of maturity in the province or territory
- Step 2: Prepare required documents
- Business plan
- Financial statements
- Credit history
- Personal identification
- Other relevant business documents
- Step 3: Submit application
- Complete the application form accurately
- Attach all required documents
- Review and submit the application
- Step 4: Await approval and funding
- Wait for the review process
- Respond to any requests for additional information
- Upon approval, receive the funding
Apply to this program
Accelerator Loan Guarantee for Canadian Small Businesses
Accelerator Loan Guarantee: Empowering Canadian Small Businesses
Canadian small businesses face challenges in securing adequate financing, hindering their growth potential. The Accelerator Loan Guarantee program offers up to $250,000 to eligible businesses operating for at least 12 months, providing a vital boost for projects and initiatives. With a principal payment postponement at the loan's onset and tailored financing options, this program aims to nurture entrepreneurship and support business development in Canada.
Designed to jumpstart projects, replenish working capital, and complement existing lines of credit, the Accelerator Loan Guarantee program prioritizes flexibility and personalized support. By empowering entrepreneurs with financial resources and tools, such as longer amortization periods and customized repayment plans, BDC fosters the growth of small businesses, enabling them to realize their full potential and contribute to Canada's vibrant economy.
