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Business Development Banks – Financing for Starting a Business


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Business Development Banks

Industry Canada

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Financing possibilities:

  • Working capital: to supplement an existing line of credit;
  • Acquiring fixed assets;
  • Marketing / Start-up Fees;
  • Buying a franchise.

How can BDC help?

  • Long-term financing;
  • Consulting services to support your business goals;
  • Start-up tools (Business plan, Entrepreneurial self-assessment);
  • Benefit from BDC’s extensive experience in helping innovative start-ups.

Advantages of doing business with BDC: BDC’s start-up financing provides a total solution for small businesses. Depending on your situation, BDC may be able to offer:

  • Up to $150,000 in financing;
  • Up to a 6 year repayment period;
  • Progressive or seasonal repayment options tailored to your business’ cash flow;
  • Possibility of deferred capital payment;
  • Guaranteed term: financing cannot be recalled without due cause;
  • Your choice of floating or fixed interest rates;
  • Fast-track, no penalty repayment options up to 15% of remaining balance per year.

Criteria for financing: BDC’s financing solutions can provide support to entrepreneurs who:

  • Are in the start-up or early growth phase (first 12 months of sales);
  • Can demonstrate realistic market and sales potential;
  • Possess experience or expertise in their chosen field;
  • Demonstrate key personal characteristics of a successful entrepreneur;
  • Have assembled a competent management team;
  • Have invested reasonable financial resources in the enterprise;
  • Can provide personal and credit  references.