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Support for entrepreneurs impacted by the coronavirus COVID-19

As the COVID-19 outbreak unfolds, we know these are challenging times for you and your business. BDC stands ready to support entrepreneurs like you through to a more stable period.

Financing available as part of the Business Credit Availability Program (BCAP)

Two financing programs are available through the BCAP: The Canada Emergency Business Account and SME Loan and Guarantee program. Both initiatives will be administered by private-sector financial institutions.

Canada Emergency Business Account

  • Up to $40,000
  • Zero interest for first year
  • Available through your primary financial institution

SME Loan and Guarantee program

1. BDC co-lending (with financial institutions)
  • Up to $6.25 million
  • Commercial interest rate
  • 10-year repayment period
  • Available through your primary financial institution
2. EDC BCAP Guarantee
  • Up to $6.25 million
  • Additional details available on EDC website
  • Available through your primary financial institution

Contact your primary financial institution for more information.

Applications details will be made available in the weeks to come on financial institutions’ websites.


Additional COVID-19 relief measures for businesses:

Government of Canada’s Economic Response Plan to  COVID-19

List of relief measures available to businesses.


Canada.ca/coronavirus

Resources for Canadian businesses owners.


EDC COVID-19  support for businesses

Partnership between EDC and financial institutions to support businesses impacted by the COVID-19 pandemic.


FAQ

For BDC financing programs

BDC clients

We encourage you to reach out to your account manager.

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.

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