BDC Financing
Business Development Bank of Canada (BDC)
Last Verified:
2007-10-02
With over 90 branches across Canada, the Business Development Bank of Canada (BDC) is a financial institution offering flexible, long-term financing and consulting to small and medium enterprises. BDC also offers venture capital and subordinate financing to high-growth firms. The long-term loans can help businesses increase their working capital and purchase fixed assets.
Eligibility Criteria
Companies with growth potential, a solid business plan, sound management team and a viable strategy may be eligible. To be accepted, entrepreneurs need to have a commercially viable project. The BDC considers each request case by case.
Eligible Activities
Activities can be:
- business expansion and improvements;
- facility overhauls;
- purchase of existing businesses;
- refinancing of loans;
- acquisition of fixed assets;
- reconstitution of depleted working capital;
- financing for the expansion of sales.
Summary
Financing possibilities:
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Increase inventory to boost sales and receivables
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Provide working capital required to develop new markets and products
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Pay R&D costs associated with introducing these new products or services
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Finance development of e-commerce initiatives, such as websites and software integration
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Implement a marketing plan or growth strategy
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Explore new export market
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Adopt quality management standards, such as ISO certifications and HACCP
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Consulting services to help evaluate your export and technology needs in order to improve the overall efficiency and productivity of your business
New Brunswick 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
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