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Pivot to Grow loan

Financing for businesses affected by U.S. trade pressures

Offered by
Business Development Bank of Canada (BDC)
Official source: bdc.ca

Source change captured

Funding available
$ 5,000,000
Deadline
March 31, 2028
Location
Canada
Who can apply
Canadian-based businesses.
See full eligibility

Overview

The Pivot to Grow Loan offers up to $5 million for Canadian businesses affected by U.S. tariffs, related uncertainties or the current economic downturn to support cash flow and adaptation. Eligible uses include operational expenses, equipment purchases and supply chain changes.

At a glance

Funding available

Maximum funding
$5,000,000
Financing goals
  • Automate business operations
  • Improve business energy efficiency
  • Access new markets
  • Renovate or expand facilities

Eligible candidates

Location
  • Canada
Eligible Industries
All industries
Annual revenue
$ 1,000,000 minimum revenue
Organisation size
All organization sizes
Audience
All groups
Legal structures
Sole proprietorship, For-profit business, Non-profit, Non-financial cooperative

Start applying for this program

Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.

Availability timeline

2027
Periods: 1

Latest changes

Pivot to Grow form adds export-impact eligibility checks

The Pivot to Grow loan form now asks new eligibility questions about U.S. export revenue and tariff-related revenue or cost impacts, and the step count changes from 9 to 11.

See more

The Pivot to Grow loan form now includes new eligibility checks asking whether at least 15% of revenues come from exports to the U.S. and whether tariffs equal at least 5% of company revenues, or whether there is a 10% drop in annual revenue or a 10% increase in total costs linked to U.S. tariffs. Applicants who do not meet these criteria are redirected to other loan options, and the form step indicator changes from 9 steps to 11 steps.

Official source: bdc.ca
September 23, 2026

Eligibility

Who is eligible?

  • Canadian-based businesses.
  • Businesses that have been in operation for at least 3 years.
  • Businesses directly impacted by U.S. tariffs, related uncertainties or the current economic downturn.

Who is not eligible

  • Businesses that have been in operation for less than 36 months.
  • For Liquidity Support, a company or any of its affiliates that has been provided a loan under the Steel and Aluminum Support Program, the Liquidity Support of the Forestry Support Program, or the Softwood Lumber Guarantee Program is ineligible under the Pivot to Grow Program, and vice versa.

Eligible expenses

  • Day-to-day operations that support cash flow.
  • Equipment and investments that allow the business to remain competitive.

Eligible geographic areas

  • Canada

Activities funded

  • Maintain operations and business continuity while managing cash flow pressure.
  • Improve productivity through equipment financing.
  • Reshape the supply chain model.
  • Pivot to alternate geographic markets, industries or products.
  • Implement a resilience plan.

How to apply

  • Share information about your business and how it has been impacted by U.S. tariffs, related uncertainties or the current economic downturn.
  • Talk to a representative who will discuss your project in depth, including the documents needed for analysis.
  • If approved, receive a tailored loan offer based on your financial needs and capabilities.

Processing and Agreement

  • BDC will call the applicant to discuss the project in depth, including the documents needed for its analysis.
  • If approved, BDC will send a loan offer based on the business’s financial needs and capabilities.

Contacts

1-877-232-2269

Official sources

Pivot to Grow Program Financing to counter the effects of tariffs

Application form

Pivot to Grow
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Frequently Asked Questions about the Pivot to Grow loan Program

What is the Pivot to Grow loan?

The Pivot to Grow Loan offers up to $5 million for Canadian businesses affected by U.S. tariffs, related uncertainties or the current economic downturn to support cash flow and adaptation. Eligible uses include operational expenses, equipment purchases and supply chain changes.

How much funding can be received?

Pivot to Grow loan Funds up to $5,000,000 of admissible expenses.

What is the deadline to apply?

The program is accepting continuous intake

Who is eligible for the Pivot to Grow loan program?

To be eligible for the Pivot to Grow loan program, you must: The business must be Canadian-based, have been in business for 3 years, and have annual revenue of $1M or more. The business must have sufficiently covered its obligations, including loan payments and other fixed costs, before 2025 and have been viable before the implementation of tariffs. The business must demonstrate negative material impact on its operations and profitability due to U.S. tariffs, related uncertainties or the current economic downturn.

What expenses are eligible under Pivot to Grow loan?

Day-to-day operations that support cash flow. Equipment and investments that allow the business to remain competitive.

Who can I contact for more information about the Pivot to Grow loan?

You can contact Business Development Bank of Canada (BDC) or by phone at 1-877-232-2269.

Where is the Pivot to Grow loan available?

The Pivot to Grow loan program is available across Canada.