Support for entrepreneurs impacted by the coronavirus COVID-19
What financing programs are available through BDC?
Working capital loans of up to $2 million with flexible repayment terms such as principal postponements for qualifying businesses;
Reduced rates on new eligible loans;
Flexible repayment terms, such as postponement of principal payments for up to 6 months, for existing BDC clients with total BDC loan commitment of $1 million or less;
*NEW* The Small and Medium-sized Business Loan and Guarantee program will help Canada’s financial institutions provide additional credit and liquidity options, backed by BDC and EDC, that Canadian businesses need immediately to meet their operational cash flow requirements.
Did you know that the Government of Canada’s new Canada Emergency Business Account can provide you with interest-free loans of up to $40,000 to help cover your operating costs while your revenues have been temporarily reduced due to the economic impacts of the COVID-19 virus?
For more information
Please note that this program will be administered by private-sector financial institutions and not BDC.
Am I eligible for financing through BDC?
In order to be eligible, your business must have been impacted directly or indirectly by recent events and have been financially viable prior to the impact from COVID-19.
How do I apply?
- Both the Canada Emergency Business Account and SME Loan and Guarantee program will be administered by private-sector financial institutions.
Details will be made available in the days to come. Until then, businesses should contact their primary financial institution for more information.
- For BDC financing programs:
We encourage you to reach out to your account manager.
Not a BDC client
Call our toll-free number
Monday to Friday, from 7:30 a.m. to 8:00 p.m. (Eastern Time)
Saturday and Sunday from 9:00 a.m. to 5:00 p.m. (Eastern Time)
Make a financing request
Important note: We are currently receiving a higher than usual number of calls and financing requests, which might generate longer waiting times. We are treating requests as they come in.
If you have received an email confirmation, you don’t need to call us, we are working on your request. Rest assured a BDC representative will contact you as soon as possible. Thank you for your understanding.
Is other support coming?
- As the COVID-19 situation continues to evolve, BDC’s response is evolving as well.
Other measures available include: