BDC is the only Canadian bank devoted exclusively to 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.
Learn more about BDC
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*.
You are eligible if you:
- Have been in operation for at least 12 months and generated revenues
- Immigrated to Canada less than five 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.
COVID-19 financing program
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.
More than $50,000?
Your business has been in operation at least 24 months and generating revenues
Financing tailored to your needs.
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.
Avoid common business plan mistakes
Build a plan that works.
Questions to ask before starting a business
Are you ready for entrepreneurship?
How to write a business plan
Make sure it supports your loan application and serves as a management tool.
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!