Small business loan
Get up to $100,000 to power your next projet

Apply and receive your funds online. No application fees. Interest-only payments for the first 6 months.*

*Conditions apply. Subject to loan approval.

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From buying equipment to paying suppliers or launching marketing campaigns, a small business loan can help you overcome challenges, meet your next milestone or just run a better business.

Are we a good fit?

Check out some of the general requirements to get a small business loan with BDC.
Minimum requirements
Location Based in Canada
Time generating revenue 24 months +
Profitability Generating revenue
Credit history Good track record

Apply online, hassle-free

1
See if you’re eligible
In just a few clicks, check if your business is eligible to apply for a loan.
2
Apply online
We’ll ask for information about you, your business, its leadership and shareholders.
3
Sign and receive your funds
Once your application is approved, the only thing left to do is sign the loan documents. The funds will be directly deposited into your account.

Reach your next milestone

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Perfect for projects both big and small

  • Cover expenses
  • Pay suppliers, landlords, employees
  • Upgrade your website
  • Buy inventory
  • Hire staff
  • Purchase equipment, software or hardware
  • Launch energy efficiency or sustainability projects
  • And more

You’re in good hands

Choosing a loan is about more than just interest rates. The fine print is just as important—and our terms and conditions are designed to give you more flexibility and financial control over your business.

We’re there in good times and in bad

We’ve supported our clients through market downturns and other events beyond their control.

We’re budget-friendly

Benefit from an affordable rate, no application fees and no penalties for early or lump-sum payments.

We’re committed to you long-term

We won't change our terms and conditions or demand early repayment without a valid reason.

A loan that works as hard as you do

Repayment schedule graphic

Breathe easy with interest-only payments

Take a break on us and pay only interest for the first 6 months of your loan.

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Repay, your way

Repay at any time over the 5-year term of the loan. We never charge a penalty for early or lump-sum payments.

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An online loan with a human touch

While our loan is 100% online, you'll always have access to a trusted advisor to help with any questions. 

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.
106,000
entrepreneurs we work with across Canada
$55.4B
committed exclusively to business owners
93%
of our clients are satisfied with our services
$453B
revenues generated by our clients

Still have questions?

How long does it take to get a loan?

This depends on a number of factors, including how many loan requests we receive and how quickly you provide us all the necessary information. Rest assured that we will process your loan request as quickly as possible.

How is the interest rate calculated?

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.

What type of information will I need to complete the online loan application form?

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.

Personal information:

  • 1 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.

Who gets a credit check when I apply for a loan?

  • All owners of 25% or more of the business
  • Members of the board of directors

I don’t see my question here. What do I do?

Check out the list of frequently asked questions (FAQ) about the small business loan conditions, the loan process and an ongoing financing request.

See complete FAQ

Keep your business running at its best

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