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Steel and Aluminium Industries Support Program

Liquidity support for tariff-affected businesses

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

Source change captured

Funding available
$ 250,000 - $ 50,000,000
Deadline
Open continuously
Location
Canada
Who can apply
Canadian businesses in the steel, aluminium or copper value chain
See full eligibility

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.

At a glance

Funding available

Maximum funding
$50,000,000
Minimum funding
$250,000
Financing goals
  • Increase production or service capacity

Eligible candidates

Location
  • Canada
Eligible Industries
All industries
Annual revenue
$ 5,000,000 minimum revenue
Organisation size
All organization sizes
Audience
  • Canadians
Legal structures
For-profit business

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

2026
Periods: 1

Latest changes

Steel and Aluminium Support Program criteria updated

The program now sets a lower revenue threshold and minimum financing amount, and tightens the tariff-impact condition to direct negative impact.

See more

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.

Official source: bdc.ca
September 26, 2026

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

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.

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

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

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.

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

1-877-232-2269

Official sources

Steel and Aluminium Industries Support Program

Application form

Business loan information request
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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?

Operational cash-flow needs (working capital) Regularly scheduled monthly debt or lease payments

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.