BDC

Business Development Bank of Canada loans


The Business Development Bank of Canada (BDC) is wholly owned by the government of Canada. The BDC offers a number of funding options for businesses at every stage of the growth process, including loans for businesses in operation for less than 12 months, between 12-24 months, and for longer than 24 months.

Funding up to $100,000 is available, and in some cases can be deposited within 24-48 hours. A number of funding options are offered depending on how you intend to use the funds. Funding is available for a number of purposes, including:

  • Supporting small projects

  • Buying or renovating facilities or real estate

  • Working capital

  • Purchasing or transferring a business

  • Purchasing equipment

  • Fulfilling large purchase orders

  • Investing in new technologies

Special financing for tech companies is also available, as well as financing programs for black and indigenous business owners.

The BDC also offers advisory and consulting services, including leadership and management coaching, business strategy, financial management, operational efficiency, e-commerce, digital technology advice, and more.

Who is eligible for a BDC loan?

BDC loans are available to businesses in Canada at all stages of growth, including start-ups. Eligibility requirements depend on how long you’ve been in business and what type of funding you are seeking.

To apply for a BDC loan, you must be a Canadian citizen or permanent resident and have reached the age of majority in the province or territory in which you live.

How to apply for a BDC loan

Business owners can apply for BDC loans online using the BDC’s step-by-step application process. Be prepared with information about your business and your business’s project. Once you submit the online form, a representative will reach out to you to discuss financing options.

Rates and fees

Rates and fees will depend on the specific type of funding you’re seeking, as well as your funding amount and your business’s credit and financial history.

Who should apply for a BDC loan?

  • Businesses in any stage of growth seeking funding or mentorship and advice