A new $250 million lending envelope to help entrepreneurs make the digital shift
External financing for software and integration costs is often difficult to obtain. If you are looking for financing to drive your productivity and growth but you lack tangible assets for collateral, you can take advantage of BDC’s new $250 million lending envelope to pursue projects such as making a digital shift in your business.
“As Canada’s only bank devoted exclusively to entrepreneurs, we see every day how businesses are accelerating their performance by harnessing digital technologies”, says Michael Denham, BDC’s President and CEO. “We want to help, which is why we are making available a new $250 million lending envelope to provide the money entrepreneurs need for projects that are key to their productivity and growth,” adds Denham.
BDC’s lending envelope is in line with market demands for financing for intangible assets, such as technology, intellectual property, R&D or employee training. This type of financing has increased at a faster pace than investments in equipment and buildings over the last 30 years.