BDC’s Accelerator Loan Guarantee
You are eligible to apply if you meet the following criteria:
For businesses with at least 12 months of operation
Guarantee on loans from $25K to $500K
Collaboration with Canadian financial institutions
Time to get moving on your growth projects
We are partnering with Canadian financial institutions to expand our reach and make it easier for you to obtain a loan for your business.
BDC’s Accelerator Loan Guarantee helps Canadian financial institutions offer loans to entrepreneurs looking to expand their business and supplement their cash flow. We aim to support your business in its growth objectives while helping to pave the way for a more diverse, equitable, and inclusive landscape for entrepreneurs.
BDC’s Accelerator Loan Guarantee in action
Contact one of the participating financial institutions to begin the financing process.
Your financial institution
Validates your eligibility, processes your request and manages the loan.
Works directly with your financial institution and guarantees the loan.
We are partnering with Canadian financial institutions with the common goal of helping entrepreneurs get the financing they need to bring their business to the next level. BDC’s Accelerator loan guarantee is designed to provide support to financial institutions so that together, we can reach and do more for businesses like yours.
We are pleased to announce the launch of this program with Meridian Credit Union. We are continuing to expand this offering and will look to add additional financial institutions to our roster.
Contact your financial services representative if you wish to learn more about the program and apply for a loan.
Frequently asked questions
Contact a partner financial institution to find out whether the BDC’s Accelerator Loan Guarantee is right for your business and how to apply for a loan.
No, you must apply through one of our partner financial institutions and they must be your primary lender.
Currently, BDC’s Accelerator Loan Guarantee is offered through Meridian Credit Union. Should you wish to learn more about the program and if it is right for you, please contact a representative from this financial institution.
The loan is available to all Canadian businesses that have at least 12 months of operation, less than $10 million in revenue and require a working capital loan between $25,000 and $500,000. The loan is managed and disbursed by your financial institution. They will advise you of the eligibility criteria and if your business qualifies.
Yes, provided they are your primary lender. Simply contact your representative at your financial institution for more information.
Check with your financial institution, as they are responsible for managing this program and can provide a status on your application. BDC does not have access to the details of your loan application.
You will be notified directly by your financial institution. BDC does not have any visibility into the reasons for the declined application. For more information and to discuss the options available to you, contact your financial institution representative.