How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the BDC Financing — Working Capital Term Loan?

BDC Financing — Working Capital Term Loan is funded by Business Development Bank of Canada (BDC), Government of Canada

What are BDC Financing — Working Capital Term Loan's eligibility criterias?

Applicant must be based in Canada. Applicant must have been generating revenue for at least 24 months. Applicant must have a good credit history track record.

BDC Financing — Working Capital Term Loan

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Canada

Working capital loan

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Loans and Capital investments

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Business Development Bank of Canada (BDC)
Government of Canada

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Get a loan to complement your line of credit and maintain your cashflow.

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This financing offers considerable flexibility, allowing businesses to match repayment plans to their cash flow and focus on taking strategic opportunities for growth. By providing a long repayment term and interest-only payments initially, it supports businesses in managing their initial financial outlays while pursuing larger projects.

Interest-only payments allowed for up to 24 months at the start of the loan.
Customized repayment schedule aligned with the business's cash flow cycle.
Loan repayment term of up to 8 years.

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This grant provides working capital to support various business-related projects that facilitate growth and expansion. Eligible activities include projects from inventory purchases to sustainability initiatives.

Buying inventory.
Paying suppliers.
Expanding into new markets.
Developing new products.
Protecting intellectual property.
Launching a marketing campaign.
Obtaining industry-specific certifications.
Hiring or training employees.
Completing energy efficiency, green retrofit, or sustainability projects.

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$ 85,000

Purchase advanced IT equipment to improve service delivery and reduce costs

$ 40,000

Improve profitability by paying suppliers for dairy products upfront to gain discounts

$ 30,000

Purchase raw materials to fulfill a bulk order of handmade furniture

$ 40,000

Launch a comprehensive marketing campaign for our mobile education app

$ 80,000

Launch a new product line of eco-friendly home cleaning supplies

$ 30,000

Expand market presence in Eastern Canada for our artisanal cheese products

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Eligibility for this financing option is determined by specific requirements outlined by BDC for companies seeking loans.

The company must have been generating revenues for 12-24 months.
Loans are subject to approval and certain conditions apply.
Inclusive entrepreneurship loans are available for Indigenous entrepreneurs or newcomers to Canada.

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There are specific types of companies eligible for this grant. Businesses in various sectors can benefit from this financing solution provided by BDC. Eligible sectors include tech companies, small businesses, commercial real estate, equipment loan seekers, and those looking for working capital.

Tech companies
Small businesses
Commercial real estate businesses
Equipment loan seekers
Working capital loan applicants

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This grant offers financing tailored to support business growth and operational improvements, ensuring that financial resources are available for strategic projects without affecting cash flow stability.

Complementing existing lines of credit.
Purchasing inventory to quickly fulfill orders.
Launching growth projects, including expanding into new markets or developing new products.
Protecting intellectual property and launching marketing campaigns.
Improving profitability by paying suppliers upfront, obtaining certifications, and training employees.

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This grant is available to businesses that are based in Canada. Eligibility is determined by the company's location within Canadian borders.

Companies based in Canada.

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There are evaluation and selection criteria for this grant. The evaluation and selection criteria include:

Financial viability of the project
Potential impact on job creation and economic growth
Alignment with the grant objectives and priorities
Evidence of innovation and market potential
Demonstrated need for funding

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Here are additional relevant details for this grant:

Loans over $350,000 come with preferred terms and conditions.
Applicants can benefit from unparalleled flexibility by matching payments to their cash flow cycle.
BDC offers a "beyond the numbers" approach, considering management expertise and project potential rather than relying solely on banking ratios.
Financial solutions are available that do not dilute ownership, particularly for asset-light companies or those needing non-conventional financing solutions.
There are special financing solutions available for Indigenous entrepreneurs and newcomers to Canada.