BDC Small Business Loan
The short answer · Checked today
A BDC loan of up to $350,000 for profitable Canadian businesses. Up to $100,000 needs at least $100K in revenue and 24 months in business, with approval in under 10 days and no application or prepayment fees; $100K to $350K needs at least $250K in revenue. The rate is BDC's floating base rate plus a variance. Apply online any time.
Closes
Dates not yet checked
Apply on bdc.ca(Opens the funder’s site)Key facts
| Who can apply | Small businesses |
|---|---|
| Pays for | Growth and equipment |
| Where | Canada |
| How much | Up to $100K: 5-year amortization. $100K to $350K: up to 8 years. |
| Type | Loan |
| Intake | Dates not yet checked |
Who qualifies, in the funder’s words
Each rule is copied word for word from the funder’s page, and re-checked. If the funder changes it, we take it down until it’s checked again.
How much
Borrow up to $350,000.
“You can ask for up to $350,000 for a BDC Small Business Loan.” Source: bdc.ca · Checked today
Who qualifies
For loans up to $100K: at least $100K in annual revenue.
“At least $100K in annual revenue” For loans up to $100K: in business at least 24 months.
“In business for at least 24 months” For loans over $100K: at least $250K in annual revenue.
“At least $250K in annual revenue” A personal credit score of 600 or higher.
“Personal credit score of 600 or higher” The business must be making a profit now.
“Currently generating profits” Source: bdc.ca · Checked today
Other programs for the same need, open now
Up to $250,000
Non-repayable equity contributions for Indigenous small and medium-sized businesses: up to $99,999 for individual entrepreneurs and up to $250,000 for community-owned businesses, through Indigenous Financial Institutions and Métis Capital Corporations. There is no deadline.
Guides and answers
Sources and checks
Facts on this page come from the funder’s own page, and a CanGrant editor hasn’t reviewed them yet. Check the funder’s page before you apply. bdc.ca · Report a mistake