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Are you eligible?

  • Immigrated to Canada less than three years ago
  • Have permanent resident status
  • Have a viable business plan

Newcomer entrepreneur

Start or buy a business as a new immigrant to Canada

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:

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Access up to $50,000 to start your company now

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

*Subject to approval. Certain conditions apply.

Apply now
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Need more than $50,000?

Learn about our other financing solutions.

Contact us

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

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

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