Montreal, May 1, 2019—BDC, Canada's bank for entrepreneurs, is a proud recipient in the 39th edition of the 2019 Mercuriades, a prestigious Quebec business contest. The Bank won the Mercure in the category Development of a Web or Mobile Technology Presented by TELUS–Large Business for its new Express Loan application, which gives entrepreneurs faster access to financing. The Bank received the award on Monday evening, when the Fédération des chambres de commerce du Québec (FCCQ) announced the winners of the contest at the Montreal Convention Centre.
The Mercure awarded to BDC for its technological innovation recognizes an initiative to develop or integrate a digital platform for improving a business process, service or product. BDC has set itself apart through its innovative business solutions, interactivity, technological creativity, adaptive design and deployment strategy.
The Bank has committed to developing its online presence and investing in improved mobile capabilities to make it easier and faster for entrepreneurs to obtain financing. With the unique Express Loan application developed by the Bank, account managers can now use iPads to authorize loans up to $750,000 in less than 30 minutes, in a single visit with the client.
"BDC is always seeking innovative ways to support entrepreneurs. Express Loan is a good example of the work our team is doing to facilitate access to financing for our clients. We are proud to have found a solution to this major technological challenge. One year after launching Express Loan, more than 2,000 loans had been granted," said Stéphane Bilodeau, Chief Information Officer at BDC.
About the Mercuriades
Quebec's most prestigious business contest reveals, year after year, inspiring role models for the next generation in Quebec's business and economic community. It celebrates and recognizes innovation, ambition, entrepreneurship and the performance of Quebec businesses, as well as their contributions to the community, for both SMEs and large corporations. This contest also highlights the exceptional paths of women who have demonstrated courage, influence and leadership throughout their careers.
BDC is the only bank devoted exclusively to entrepreneurs. It promotes Canadian entrepreneurship with a focus on small and medium sized businesses. With its 123 business centres from coast to coast, BDC provides businesses in all industries with financing and advisory services. Its investment arm, BDC Capital, offers equity, venture capital and flexible growth and transition capital solutions. BDC is also the first financial institution in Canada to receive B Corp certification. To find out more, visit bdc.ca.