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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.
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