For medium-sized businesses with annual revenues in excess of about $100 million to $500 million, from any sector or industry
To cover operational liquidity needs and business continuity activities
Mid-Market and Oil & Gas Financing Programs are merged to facilitate coordination and the processing of loan requests.
Loans ranging between $12.5 million and $60 million each, available until or before December 31, 2021 (extended). These loans are provided jointly by BDC and your primary financial institution.
Spanning on four years, after which principal is to be repaid as a balloon payment. Interest payments for the first 12 months will be capitalized and due at maturity.
Is my business eligible?
Below are some of the eligibility criteria
Your business must have been financially stable and viable prior to the current economic environment
Your business was directly or indirectly impacted by COVID‐19 and/or the recent decline in oil and gas prices
Your business’s credit needs exceed what is already available through the co-lending program and other measures
Contact your primary financial institution or lending syndicate to see if this program is the right fit for your business and to apply
Looking for a different financing solution for your business? See how BDC can help
Frequently asked questions
Here are some answers to questions you may have on the Mid-Market Financing Program
Can this financing be combined with other products from the Business Credit Availability Program (BCAP), such as EDC’s guarantee program for mid‐market companies?
Yes, this is possible. Speak to your primary lender to find out which combination is right for you.
Which other relief program can help my business?
A number of measures, in addition to access to credit, have been put in place through the Government of Canada’s Economic Response Plan to help you through these trying times. We invite you to consult these pages to find out what measure best fits your needs.
This program seems right for me, but I need less than $12.5 million. Can you help me?
There are multiple measures available to support businesses of all sizes and sectors who have been impacted directly or indirectly by COVID-19. The co-lending financing program, also available through your financial institution, is a commercial loan up to $12.5 million for your operational cash flow requirements.