Open
Steel and Aluminium Industries Support Program
Working capital support for tariff-impacted manufacturers
Last Update: May 7, 2026
Funding available
$ 2,000,000 - $ 50,000,000
Timeline
- Open continuously
Location
Canada
Overview
BDC provides $2 million to $50 million in working capital to help viable Canadian businesses manage tariff pressure. It supports steel, aluminium and copper manufacturers and related products through operational cash flow support to protect jobs, maintain operations and adapt.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 50,000,000 $
- Minimum amount : 2,000,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- $ 5,000,000 minimum revenue
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Working capital support to help manage tariff pressure.
- Operational liquidity support to stabilize business activity.
- Financing to preserve cash flow and continue operations.
Documents Needed
- Organizational chart
- Three years of financial statements
- Recent financial statements, including cash flow statements
- Borrowing information and compliance certificate
- Tariff-related supporting documents
Eligibility
Who is eligible?
- Canadian manufacturers of steel, aluminium and copper
- Businesses making fabricated products or products mostly or entirely made of steel, aluminium or copper
- Canadian businesses in the steel, aluminium or copper value chain
Eligible expenses
- Working capital for operational cash-flow needs
- Regular monthly debt or lease payments
- Operational expenses to maintain business activity
Eligible geographic areas
- Canada
Processing and Agreement
- Loan request is submitted online.
- BDC contacts the applicant to discuss the project and required analysis documents.
- If approved, the applicant receives a tailored loan offer.
Additional information
- Preferred interest rates are offered.
- Eligible businesses may also use other BDC and government support programs, where permitted.
- The program is backed by a $1 billion financing mandate.
Documents and links
Contacts
Frequently Asked Questions about the Steel and Aluminium Industries Support Program Program
Here are answers to the most common questions about the Steel and Aluminium Industries Support Program. 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 Steel and Aluminium Industries Support Program?
BDC provides $2 million to $50 million in working capital to help viable Canadian businesses manage tariff pressure. It supports steel, aluminium and copper manufacturers and related products through operational cash flow support to protect jobs, maintain operations and adapt.
How much funding can be received?
Steel and Aluminium Industries Support Program Funds up to $50,000,000 of admissible expenses.
Who is eligible for the Steel and Aluminium Industries Support Program program?
To be eligible for the Steel and Aluminium Industries Support Program program, you must:
Based in Canada
$5M+ annual revenues
3+ years in operation
What expenses are eligible under Steel and Aluminium Industries Support Program?
Working capital support to help manage tariff pressure.
Operational liquidity support to stabilize business activity.
Financing to preserve cash flow and continue operations.
Who can I contact for more information about the Steel and Aluminium Industries Support Program?
You can contact Business Development Bank of Canada (BDC) or by phone at 1-877-232-2269.
Where is the Steel and Aluminium Industries Support Program available?
The Steel and Aluminium Industries Support Program program is available across Canada.
Is the Steel and Aluminium Industries Support Program a grant, loan, or tax credit?
Steel and Aluminium Industries Support Program is a Loans and Capital investments