BDC Small Business Loan
Business Development Bank of Canada loans up to $100,000 with online application, designed for Canadian small businesses including Ontario.
About this program
BDC (Business Development Bank of Canada) is the wholly federally owned national bank focused on Canadian entrepreneurs. Its Small Business Loan provides up to $100,000 of financing for working capital, equipment, technology, real estate, and other business purposes, with online application and decision typically within a few days. BDC also offers a broader portfolio: term loans up to several million dollars, equipment financing, real estate financing, advisory services, and venture capital through BDC Capital.
Eligibility
Canadian for-profit businesses including those based in Ontario. Must have been in business for at least 24 months with revenue. Owners must be at least 18 years old and Canadian residents.
Requirements
- Visit bdc.ca and start an online loan application
- Provide business and personal financial information
- Provide business registration and ownership details