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Source verified September 26, 2026
Steel and Aluminium Industries Support Program
Liquidity support for tariff-affected businesses
Latest source updateLast Update: September 26, 2026Latest change: The program now sets a lower revenue threshold and minimum financing amount, and tightens the tariff-impact condition to direct negative impact.View change
Latest source update
Last Update: September 26, 2026
Latest change: The program now sets a lower revenue threshold and minimum financing amount, and tightens the tariff-impact condition to direct negative impact.
Steel and Aluminium Support Program criteria updated
The Steel and Aluminium Industries Support Program now requires annual revenues of $1M or more instead of $5M or more, and the minimum financing amount shown on the program page and loan request form changed from $1M to $250,000. The tariff-impact condition was also narrowed from direct or indirect negative impact to direct negative impact, and the loan-use language now focuses on tariff impacts only.
Funding available
$ 250,000 - $ 50,000,000
Deadline
Open continuously
Location
Canada
Overview
BDC’s Steel and Aluminium Industries Support Program provides $1 million to $50 million in financing for Canadian businesses in the steel, aluminium or copper value chain. It supports temporary liquidity to help viable companies protect jobs, maintain operations, and adapt to tariff impacts.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase production or service capacity
Eligible Funding
- Maximum amount : 50,000,000 $
- Minimum amount : 250,000 $
Funds Providers
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
Availability timeline
2026
Periods: 1
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
Official resources
Eligibility
Who is eligible?
- Canadian businesses in the steel, aluminium or copper value chain
- Canadian-based and headquartered commercial entities
- Copper producers are eligible under this program
Who is not eligible
- Businesses in operation for less than 36 months
- Businesses with annual sales of less than $5,000,000
Eligible expenses
- Operational cash-flow needs (working capital)
- Regularly scheduled monthly debt or lease payments
Eligible geographic areas
- Canada
Selection criteria
- Fit with the program’s objective to address tariff impacts.
- Evidence of direct or indirect negative impact on operations and profitability.
- Business viability before tariff measures.
- Material exposure to U.S. tariffs.
How to apply
- Submit a loan request online
- Talk to a representative who will call to discuss your project in depth, including the documents needed for analysis
- If approved, receive a loan offer based on your financial needs and capabilities
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.
Contacts
Frequently Asked Questions about the Steel and Aluminium Industries Support Program Program
What is the Steel and Aluminium Industries Support Program?
BDC’s Steel and Aluminium Industries Support Program provides $1 million to $50 million in financing for Canadian businesses in the steel, aluminium or copper value chain. It supports temporary liquidity to help viable companies protect jobs, maintain operations, and adapt to tariff impacts.
How much funding can be received?
Steel and Aluminium Industries Support Program Funds up to $50,000,000 of admissible expenses.
What is the deadline to apply?
The program is accepting continuous intake
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:
Canadian businesses in the steel, aluminium or copper value chain
Businesses materially impacted by U.S. tariffs and viable before the tariff measures
Businesses in operation for at least 36 months with annual sales of $5,000,000 and more
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.