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
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
- 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.
Your business has been in operation at least 12 months and generating revenues
Interest-free loans up to $40,000. Contact your primary financial institution for information.
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.Read more
Avoid common business plan mistakes
Build a plan that works.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