New Canadian Entrepreneur Loan
With your new life in Canada, starting a business that you can call your own is an exciting prospect. But as a newcomer here with little or no credit history, where do you find the money to get your company off the ground? With a minimal personal investment in your business, BDC can provide the financing you need to launch your company and create your own success story.
Benefits for your business
Breathe easy with flexible repayment terms
Make no capital payments for up to 12 months at the start of the loan, followed by a repayment period of up to 6 years.
Financing designed for new Canadians
Get a loan with little or no credit history.
Limited personal risk
No personal assets are taken as collateral for the loan.
Are you eligible?
- You immigrated to Canada less than three years ago, and are a Canadian citizen or have permanent residence status
- You have a viable business plan
- You have no established or little credit history to easily access financing
*Subject to approval. Certain conditions apply.