BDC Financing — Technology

Q: How much funding can be received?

BDC Financing — Technology Funds up to 100% of admissible expenses, capped at $350000 per project.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the BDC Financing — Technology a grant, loan, or tax credit?

BDC Financing — Technology is a Loans and Capital investments

Q: Who are the financial supporters of the BDC Financing — Technology?

BDC Financing — Technology is funded by Business Development Bank of Canada (BDC), Government of Canada

Q: Who is eligible for the BDC Financing — Technology program?

Eligibility criteria are not specified.

Q: Who can I contact for more information about the BDC Financing — Technology?

You can contact Business Development Bank of Canada (BDC).

Q: Where is the BDC Financing — Technology available?

The BDC Financing — Technology program is available across Canada.

Q: Are Indigenous Peoples eligible for the BDC Financing — Technology program?

Yes, Indigenous Peoples are eligible to apply for the BDC Financing — Technology program.

Last Update: July 22, 2025

Canada

Loan to purchase or upgrade technology

At a glance

Eligible Funding

Max. $350,000
Up to 100% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

Information and cultural industries
Professional, scientific and technical services

Funds Providers

Unspecified

Program status

Open

Overview

Get a loan with flexible repayment terms to cover up to 100% of the cost of investing in information and communications technology such as hardware, software and related consulting services.

Financing terms and conditions

The BDC Financing — Technology offers a range of financing options to help businesses invest in technology effectively. These terms aim to support businesses in optimizing their operations and boosting profitability through technological advancements.

Up to 100% financing to cover the cost of the project.
Postponement of principal payments at the start of the loan.
Preferred terms and conditions for loans over $350,000.
Funding applicable to the purchase of hardware such as servers, networks, or computers.
Financial support for software investments, including ERP, CRM, HR, and accounting solutions.
Assistance for digital marketing endeavors, like new website development, e-commerce platforms, or social media initiatives.
Covers costs related to advisory services for IT planning, strategy, security, and online sales.
Unmatched flexibility to avoid utilizing funds needed for day-to-day activities.
Fast and straightforward loan process for quick access to funds.
Stable terms and conditions that do not change without due cause.

Activities funded

Purchasing technology hardware such as servers, networks, or computers.
Investing in software solutions across various dimensions like ERP, CRM, HR, and accounting.
Enhancing digital marketing efforts through new websites, e-commerce platforms, or social media strategies.
Funding for expert advisory services in IT planning, strategy, security, and online sales.

Examples of admissible projects:

$ 200,000

Adopting advanced cybersecurity measures to protect business operations

$ 300,000

Creating an e-commerce platform to increase online sales

$ 150,000

Launching a new interactive website to engage community members

$ 180,000

Implementing a CRM system to enhance customer relationship management

$ 350,000

Implementing a new ERP system to enhance operational efficiency

$ 250,000

Upgrading network infrastructure for improved security and performance

Eligibility

Eligibility for this loan is determined by specific requirements related to the business profile and its financial operations.

The business must have been generating revenues for 12-24 months.
The business must be investing in technology to improve competitiveness and optimize performance.
The application is subject to approval and specific conditions apply.
The loan offers preferred terms and conditions for amounts over $350,000.
Business solutions are available specifically for Indigenous entrepreneurs or newcomers to Canada.

Who is eligible?

This program is aimed at assisting various entrepreneurs in Canada, including but not limited to Indigenous and newcomer entrepreneurs, by providing preferential loan terms to enhance business competitiveness. Eligible applicants can range from small businesses seeking to invest in technology to tech companies aiming to drive growth and productivity. The loans can cover costs for hardware, software, digital marketing, and advisory services.

Eligible expenses

This grant provides financing for technology and digital initiatives to enhance business competitiveness and productivity. Eligible projects can involve purchasing new hardware, investing in software, expanding digital marketing, and obtaining expert advisory services.

Purchase of hardware including servers, networks, or computers.
Investment in software solutions of various sizes, such as ERP, CRM, HR, and accounting systems.
Development and enhancement of digital marketing strategies, including new websites, e-commerce platforms, or social media campaigns.
Obtaining advisory services for IT planning, strategy, security, and online sales.

Eligible geographic areas

This grant appears to be applicable across Canada due to BDC's mandate to support Canadian businesses. However, specific regional restrictions are not mentioned, suggesting nationwide availability.

Businesses registered and operating within Canada.

Selection criteria

The evaluation and selection of projects for this loan are determined by specific criteria focused on enhancing competitive performance and strategic alignment with loan objectives.

Strategic alignment with investment in technology to drive growth and productivity.
Demonstrated capability to utilize funds for specified categories such as hardware, software, digital marketing, and advisory services.
Potential to achieve business diversification and enhance service offerings.
Ability to create meaningful job opportunities for underrepresented groups.
Compliance with BDC’s terms and conditions for preferred loans.

How to apply

Assess Eligibility

Ensure your business meets the criteria for BDC’s technology loans, such as being a tech company or requiring tech equipment.
Confirm your business has been generating revenue for 12-24 months.

Gather Necessary Documentation

Collect financial statements and projections to demonstrate your business's financial health.
Prepare a project plan outlining how the loan will be used for technology investments.

Review BDC's Loan Terms

Understand the terms and conditions for the loan, including up to 100% financing and principal payment postponement options.

Application Submission

Visit BDC’s official website to start your online application.
Fill in the application form, providing detailed business and personal information.
Attach all necessary documents as per the application requirements.
Submit the application through the online portal.

Confirmation and Follow-Up

Receive a confirmation email with your application details.
Note down any reference numbers and keep a record for future correspondence.

Application Review and Response

Wait for BDC to review your application; they may contact you for additional information or clarification.
Respond promptly to any requests from BDC to facilitate the application process.

Additional information

Here are additional relevant details for this loan:

Applicants can take advantage of the BDC's Accelerator Loan Guarantee to facilitate access to funding.
There is an opportunity to postpone principal payments at the start of the loan, providing more time for financial adjustment.
Businesses can apply for up to 100% financing to cover the project costs fully.
Loans include investing in technology to help optimize business performance, growth, and profitability.
Loan terms and conditions are stable and will not change without due cause, offering peace of mind to the borrowers.
BDC offers solutions specifically designed for Indigenous entrepreneurs or newcomers to Canada, fostering inclusive entrepreneurship.
Loans feature preferred terms and conditions for amounts exceeding $350,000.
Applicants can obtain funds quickly through a streamlined loan process, ensuring minimal disruption to business operations.

Apply to this program

Frequently Asked Questions about the BDC Financing — Technology Program

Here are answers to the most common questions about the BDC Financing — Technology. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the BDC Financing — Technology?

How much funding can be received?

What expenses are eligible under BDC Financing — Technology?

This grant enables businesses to enhance their competitiveness by investing in technology enhancements. Eligible activities focus on acquiring hardware and software, boosting digital capabilities, and leveraging expert advisory services. Purchasing technology hardware such as servers, networks, or computers. Investing in software solutions across various dimensions like ERP, CRM, HR, and accounting. Enhancing digital marketing efforts through new websites, e-commerce platforms, or social media strategies. Funding for expert advisory services in IT planning, strategy, security, and online sales.