Mid-Market Financing Program

Junior loans ranging between $12.5 million and $60 million for medium-sized businesses particularly impacted by the COVID-19 pandemic and/or the recent decline in oil and gas prices Last updated on August 31, 2020

Looking for different financing options? See all COVID-19 programs

IS THIS THE RIGHT FINANCING FOR MY BUSINESS?

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.

Junior loans

Loans ranging between $12.5 million and $60 million each, available until or before June 2021. These loans are provided jointly by BDC and your primary financial institution.

Flexible terms

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

HOW DO I APPLY?

Details about the program and the implementation strategy are now available

Apply now

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.

What if I need more than $60 million?

Medium‐sized companies can also apply for the EDC mid‐market guarantee, which offers up to an additional $80 million for eligible businesses. Find out more

My request for financing has been declined. Do I have another option?

An additional $675 million is available for entrepreneurs who have been denied financing through Regional Development Agencies. Contact your regional agency for more information:

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.