Financial relief for entrepreneurs
Learn more about options for accessing credit to support you through to a more stable time.
Support for businesses
Working capital Financing
Loans of up to $2 million for businesses directly or indirectly impacted by COVID-19, with flexible repayment terms such as principal postponements for qualifying businesses.Apply now
Small Business Loan
Up to $100,000 online for businesses who have been in operation for at least 24 months and are generating revenues.Apply now
Access to credit through the Business Credit Availability Program (BCAP)
Canada Emergency Business Account (CEBA)
Up to $40,000 interest-free loans for small businesses and not-for profits with a 2019 payroll between $20,000 and $1.5 million, available through most financial institutions.Learn more
Up to $12.5 million for your operational cash flow requirements; available until or before June 2021 (extended).Learn more
EDC Business Credit Availability Program (BCAP) Guarantee
Up to $6.25 million to cover rent, payroll and other operating costs caused by the current crisis; available until or before June 2021 (extended).Learn more
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; available until or before June 2021 (extended).Learn more
Oil and Gas Sector Financing
This program has been merged with the Mid-Market Financing Program.Learn more
Other relief programs
Large Employer Emergency Financing Facility
Bridge financing providing additional liquidity for large businesses whose needs are not being met to keep operations going through conventional financing during the pandemic.Learn more
New Canada Emergency Rent Subsidy (CERS)
Rent and mortgage support until June 2021 for qualifying businesses who have suffered a revenue drop by subsidizing a percentage of their expenses, on a sliding scale, up to a maximum of 65 per cent of eligible expenses until December 19, 2020. The rent subsidy would be provided directly to tenants, while also providing support to property owners. The subsidy retroactively covers claims for the period beginning on September 27 and ending on October 24, 2020. A top-up of 25 per cent is available for organizations temporarily shut down by a mandatory public health order issued by a qualifying public health authority, in addition to the 65 per cent subsidy.Learn more
Regional Relief and Recovery Fund
Additional funds for businesses and organizations unable to access other support measures and impacted by the COVID-19 pandemic in sectors key to the regions and to local economies.Learn more
Canada Emergency Wage Subsidy (CEWS)
Employers may be eligible for a subsidy of 65% of employee wages for up to 24 weeks to re-hire workers laid off as a result of COVID-19. This measure is to help create over 1 million jobs and restore employment to the level it was before the pandemic. The Canada Emergency Wage Subsidy is extended until June 2021.Learn more
For questions about BDC’s financing solutions, advisory services or for any other question, write us. One of our representatives will be in touch.
Frequently asked questions
Find answers to the most commonly asked questions on the special programs listed on this page, eligibility and processing times during the COVID-19 pandemic.
BDC products and services
What kind of COVID-19 financing is available through BDC?
- If you are already a client, you may be eligible for a postponement of payments for up to 6 months, free of charge (for existing BDC clients with total BDC loan commitment of $1 million or less).
- Canadian venture capital firm-backed companies impacted by COVID-19 who may not qualify for many of the federal government relief measures may be eligible for the BDC Capital Bridge Financing Program launched in collaboration with other venture capital firms. BDC could match a current financing round being raised through qualified existing and/or new investors into an eligible Canadian company with convertible notes starting at $250,000. Click here for details and eligibility criteria.
- We also offer a variety of other products and services aimed at helping Canadian businesses.
Do you offer grants or subsidies?
No. BDC is a commercial bank offering long-term business financing, paid back with interest.
Do you provide financing for start-ups?
To be eligible for BDC financing when your business is at the start-up phase, you must:
- have been in business for at least 12 months,
- be generating revenue,
- demonstrate realistic market and sales potential,
- provide personal or credit references,
- demonstrate a reasonable investment of financial resources, and
- provide a solid business plan.
If you do not meet our eligibility criteria, we invite you to reach out to our partners who may be better positioned to support you with their programs:
- Community Futures
- Delivers small business loans, tools, training and events for people living in rural communities who want to start, expand, franchise or sell a business
- Futurpreneur Canada
- For aspiring business owners aged 18-39 years old
- Up to $60,000, collateral-free loans, with a five-year term
- Interest-only payments in the first year; principal + interest payments in years two to five
- All loan recipients also receive mentorship for two years
How do I know if I am eligible for one of these programs?
In order to be eligible, your business must have been:
- impacted directly or indirectly by recent events, and
- financially viable prior to the impact of COVID-19
COVID-19 Resource Guide for entrepreneurs
A compilation of federal and provincial government support measures for business:
- Access to capital and other liquidity support
- Measures to avoid or minimize the impact from layoffs
- Provincial/Territorial measures
- Planning tools and tips to create resilience and emerge strong in recovery
- Additional resources and information
* This information is updated regularly.
Expert advice to guide your business through uncertain times.
Online Sales Optimization
Minimize disruption by quickly boosting your online presence and sales from digital activities.Learn more
Operations and Cash Flow Resiliency Plan
Mitigate financial and operational risks to function during challenging times.Learn more
Workplace Health Risk Mitigation
Ensure public health guidelines are properly implemented and enforced in your workplace.Learn more
Articles and tools
Resources to help your business get back on track.
Tools to project your short- and long-term cash flow, plus articles and quick tips to adjust your cash cycle.
Are you a BDC client?
We encourage you to reach out to your account manager.
Not a BDC client?
If you’re looking for financing for your business, take a look at our business loans.