Newcomer entrepreneur

Newcomer entrepreneur

Owning a business as a new immigrant to Canada

BDC is the bank devoted to Canadian entrepreneurs. We provide financing and advisory services to small and medium-sized businesses at every stage of growth. This includes access to the right tools and resources, such as training, networking, partnerships and more.

Succeed as a newcomer entrepreneur

Experienced as a business owner or not, BDC helps immigrants handle the typical challenges of building a company in Canada.

  • Little to no credit history
  • Limited knowledge of the local business environment
  • Cultural and language barriers

Not yet comfortable in English or French?

That’s okay. Some of our content is available in these languages:

Access between $25,000 and $50,000 to grow your company

No credit history? That’s okay—ask about our Newcomer Entrepreneur Loan*.

*Subject to approval.

You are eligible if you:

  • Have been in operation for at least 12 months and generated revenues
  • Immigrated to Canada less than three years ago
  • Have a permanent resident status or protected person status
  • Have a viable business plan

Additional financing options


Your business has been in operation less than 12 months and generating revenues

Entrepreneurs aged 18 to 39 may be eligible for up to $60,000 and two years of mentoring.

Find out more

MORE THAN $50,000?

Your business has been in operation at least 12 months and generating revenues

Financing tailored to your needs.

Find out more

Learn about starting a business in Canada


Get familiar with terminology

Browse the glossary to learn business terms regularly used in Canada.

Use the glossary


3 tips for newcomers starting a business

Overcome challenges new immigrants face.

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Avoid common business plan mistakes

Build a plan that works.

Read more


Questions to ask before starting a business

Are you ready for entrepreneurship?

Read more


How to write a business plan

Make sure it supports your loan application and serves as a management tool.

Read more


How to start a business

Take advantage of our video clips and practical advice to get your business off the ground.

Enroll now. It's free



We had a lot to learn about how to do business in a new country! BDC helped us launch our business on time for ski season, which was essential for us!