BDC Financing — Technology

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.

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?

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.

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.

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.