Financing possibilities
- Working capital: to supplement an existing line of credit
- Acquiring fixed assets
- Marketing and start-up fees
- Buying a franchise
How can BDC help?
Advantages of doing business with BDC
BDC's start-up financing provides a total solution for small businesses. Depending on your situation, BDC loans may be able to offer:
- 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 solution 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
The next step
Explore your financing options. Alternatively, you can call 1 877 BDC BANX (232-2269) or visit your local branch.
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