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Canada-Ontario Business Service Centre - Services for entrepreneurs - 1-800-567-2345

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.

Ontario 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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