Faster or more flexible? You choose.
Get faster approval with minimal paperwork for loans under $100K or go big with flexible terms and tailored support for loans up to $350K. Your business, your pace.
Up to $100K
FASTER APPROVAL
- Approval in less than 10 days2
- No application or prepayment fees
- Up to 6 months interest-only payments
- 5-year amortization period
BEFORE YOU APPLY
You’re more likely to qualify if your business meets these eligibility criteria:
- At least $100K in annual revenue
- Personal credit score of 600 or higher
- Currently generating profits
- In business for at least 24 months
- Business located in Canada
Meeting these criteria doesn’t guarantee approval. All applications are subject to a full review of the business and its owners.
Takes only a few minutes
$100K to $350K
FLEXIBLE TERMS
- Approval in less than 30 days2
- Certain fees apply
- Up to 12 months interest-only payments
- Up to 8-year amortization period
BEFORE YOU APPLY
You’re more likely to qualify if your business meets these eligibility criteria:
- At least $250K in annual revenue
- Personal credit score of 600 or higher
- Currently generating profits
- Financial statements of the last 24 months
- Business located in Canada
Meeting these criteria doesn’t guarantee approval. All applications are subject to a full review of the business and its owners.
Takes only a few minutes
Need more financing? Our experts are here to help. Let's start the conversation.
The right loan for your needs
- Buy inventory
- Develop new products
- Enhance energy efficiency
- Launch a new marketing campaign
- Pay suppliers
- Hire or train employees
- Get industry-specific certifications
- Expand into new markets
Why choose BDC?
BDC is the bank of ambitious ideas in Canada. It empowers entrepreneurs with flexible capital, expert advice, and clear vision. It also supports underserved sectors to create lasting impact across the country.
Applying is easy
Save time with one simple, straightforward application designed to ease your journey forward.
We focus on more than numbers
Your business is about more than just sales, and we're here to support you every step of the way.
Repay, your way
Flexible payments that fit your cash flow—with repayment terms from 5 to 8 years. Conditions apply.
Are we a good fit?
Check out the main requirements to get a business loan with BDC.
New to financing? Take a look at our FAQ.
| Location | Based in Canada |
|---|---|
| Time generating revenue | More than 24 months |
| Profitability | Generating profits |
| Credit history | Good track record |
Apply online, it’s easy
Unlock new opportunities with improved cash flow
Buy inventory, expand into new markets, hire and train employees, pay suppliers or whatever keeps
your business moving forward.
- Interest-only payments Start by repaying interest only, to ease into your loan and reduce the burden upfront. Conditions apply.
- We’re committed to you long-term We won't change our terms and conditions or demand early repayment without a valid reason.
“We successfully launched and promoted two new rapid tests, along with a new AI-driven patient portal that will reach 6,000 pharmacies across Canada!”
Sharmila Sriram, founder and CEO — Spectrum Medical Diagnostics
Let’s build your success together
As Canada’s bank for entrepreneurs, we complement the role of other banks. We take on more risk, offer flexible financing and provide sound advice to help you build a strong, successful and resilient business.
Frequently asked questions
For more financing topics, take a look at our FAQ.
We calculate the interest rate on our small business loan as follows:
Current floating base rate + variance based on your personal and business information = interest rate
As a result, the interest rate varies by client.
You will need to have the following information on hand:
Business information:
- Complete and up-to-date business information as listed in your business registry (having a copy of your up-to-date business registry may be helpful)
- Names, email addresses, home address and mobile phone numbers for the company’s president, members of the board of directors, and shareholders
- Business void cheque
- One piece of government-issued photo ID
- The online application form specifies the type of information that will be requested in each section. It also lets you save your work at various points in case you need to obtain certain details and return later to complete the form.
Help your company with our business loans
- Conditions apply. Subject to loan approval.
- Conditions apply. Subject to approval and the timely completion of your application, including providing all relevant information.