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|terms_and_conditions
The BDC Financing — Start-up offers a versatile array of financial solutions specifically designed to support Canadian small businesses in their early growth stages. These unique modalities cater to the diverse needs of entrepreneurs to help them launch and expand their business ventures.
- Small business loan to aid in the establishment and initial operation stages.
- Commercial real estate loan to facilitate the purchase or expansion of business premises.
- Equipment loan providing funds for the acquisition of necessary business equipment.
- Purchase order financing to support the fulfillment of large orders.
- Working capital loan to cover operational expenses and maintain business liquidity.
- Loan specifically for tech equipment, aiding in technological advancement and competitiveness.
- Strategic loan options for tech companies focusing on innovation-driven enterprises.
- Business purchase or transfer loan to manage business acquisitions or ownership transitions.
- Inclusive entrepreneurship loan aimed at supporting diverse entrepreneurs, including indigenous and new Canadians.
- BDC’s Accelerator Loan Guarantee for a more secure financial backing reducing lender risk.
- Principal payment postponement available for up to the first 12 months to ease the initial financial burden.
- Flexibility to match payments to the business’s cash flow cycle, optimizing resource allocation and financial planning.
grant_single_labels|projects
This grant provides financing options for Canadian small businesses to aid in their growth and establishment. Eligible activities focus on covering start-up costs, purchasing equipment, and investing in marketing to build momentum.
- Getting your company off the ground by purchasing assets, paying start-up fees, or buying a franchise.
- Building momentum through investments in marketing, website development, or advisory services.
- Complementing your line of credit by replenishing working capital depleted by start-up costs.
grant_single|admissibleProjectsExample
$ 90,000
Expand a local bakery's online presence and delivery service
$ 125,000
Create a comprehensive marketing strategy for a local non-profit art gallery
$ 210,000
Launch a new retail store specializing in eco-friendly products
grant_single_labels|admissibility
Eligibility for this financing is determined by specific requirements related to the applicant's business and its operational history.
- The business must be a Canadian-based entity.
- The business must have been in operation for at least 12 consecutive months and generating revenues.
- There must be a demonstration of realistic market and sales potential.
- The business must have a good credit history.
- The owner must have reached the age of maturity in the province or territory of residence.
grant_eligibility_criteria|who_can_apply
This financing solution is intended for Canadian businesses that meet specific operational and financial standards to support their growth and expansion efforts. Eligible businesses can benefit from working capital loans and other financing tools tailored to their needs.
- Canadian-based business in operation for at least 12 consecutive months.
- Businesses that have demonstrated revenue generation during this period.
- Should demonstrate realistic market potential and sales potential.
- Good credit history is required for eligibility.
- Business founder or owner must have reached the age of majority in their respective province or territory.
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
This financing supports Canadian businesses by providing flexibility in using funds to enhance growth and stability. Eligible projects and activities include acquiring necessary assets, starting marketing endeavors, and bolstering operational financial health.
- Get your company off the ground by purchasing assets, covering start-up fees, or buying a franchise.
- Build momentum through investments in marketing, creating a website, or obtaining advisory services.
- Complement your line of credit to replenish working capital depleted by start-up costs.
grant_eligibility_criteria|zone
This grant is available to Canadian-based businesses. Eligibility is defined by the location of the business within Canada to meet regional economic needs.
- Businesses must be located within Canada.
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
Here are the steps to submit an application for this grant:
- Step 1: Determine Eligibility
- Ensure that your business is based in Canada and has been in operation for at least 12 consecutive months.
- Verify that your business is generating revenue and has a good credit history.
- Step 2: Prepare Required Documentation
- Compile a thorough business plan outlining your company's market and sales potential.
- Prepare financial statements and/or projections if requested.
- Step 3: Complete the Application Form
- Access the application form through the appropriate online platform provided by BDC.
- Fill out all necessary details accurately based on your business information and plans.
- Step 4: Submit the Application
- Upload all required documents along with the completed application form.
- Submit your application through the BDC's online portal.
- Step 5: Await Confirmation and Next Steps
- Receive a confirmation email acknowledging receipt of your application.
- Wait for further communication regarding the status of your application or any additional requirements.
