Productivity Plus Financing Solution
Business Development Bank of Canada (BDC)
Last Verified:
2006-03-21
Productivity Plus Financing is designed for manufacturing and processing companies that want to increase their productivity but need financial support to acquire equipment. These loans can range up to $5 000 000 for manufacturers looking to increase their productivity. BDC can offer up to 100% of the cost of new and used equipment; an additional 25% can cover incidental costs such as installation, training and working capital.
Eligibility Criteria
To be eligible, you need to have a manufacturing or a processing company and have a desire to increase your productivity. The BDC considers each request case by case.
Eligible Area
All Canadian provinces and territories.
Eligible Activities
Possible activities include:
- acquiring new or used equipment;
- purchasing a production line or the automation of an existing production line;
- restoring working capital depleted from purchasing equipment.
Summary
Features
- long term financing up to 125% to cover additional costs;
- flexible repayment schedules may allow you to defer principal payments until after the equipment is installed and performing optimally;
- repayment options designed to protect your cash flow, such as seasonal or progressive repayment schedules;
- guaranteed term: financing cannot be recalled without due cause;
- your choice of floating or fixed interest rate;
- fast-track, no penalty repayment options of up to 15% of remaining balance per year.
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Contact(s):
See National Contact.
National Contact(s):
Head Office
Business Development Bank of Canada
Suite 400
5 Place Ville Marie
Montréal, Quebec
H3B 5E7
Telephone: 1-888-463-6232
Fax: 1-877-329-9232
Toll-free (information): 1-877-BDC BANX (1-877-232-2269)
E-mail: info@bdc.ca
Web site:
http://www.bdc.ca/en/home.htm
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