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Support for entrepreneurs (bdc)

FINANCIAL AID - Original Publication

The health and well-being of entrepreneurs, clients and non-clients as well as of our partners is our top priority. BDC stands ready to support companies through to a more stable period.

As announced by the Minister of Finance, BDC puts in place additional measures to provide relief for Canadian entrepreneurs.

Effective March 18, 2020, new relief measures for qualified businesses include:

Working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for qualifying businesses;

Postponement of payments for up to 6 months, free of charge, for existing BDC clients with total BDC loan commitment of $1 million or less;

Reduced rates on new eligible loans;

Additional details regarding Business Credit Availability Program (BCAP) measures, including industry specific support, to be announced in the coming days.

These new measures aim to alleviate the impact of COVID-19 on business activity and complement services offered by other financial institutions, with whom BDC will continue working. For BDC, eligible businesses needed to be financially viable entities prior to the impact of the coronavirus.

Further to the new relief measures announced, BDC can help you with the right financing and advice for your business.