Business Development Bank

UPDATE

Small and medium-sized businesses can also get support through a new Co-Lending Program that will bring the Business Development Bank of Canada together with financial institutions to co-lend term loans to these businesses for their operational cash flow requirements.

BDC Co-Lending Program for Small and Medium Enterprises :

  • Financial institutions will progressively roll out program details as of April 24, 2020. Please contact your primary financial institution to find out more.
  • This program provides term loans for operational and liquidity needs of businesses, which could include interest payments on existing debt.
  • Similar to the EDC program, this program is available to businesses that were financially viable and revenue-generating prior to the COVID-19 outbreak.
  • The program is designed in three segments to target support to different business sizes.
    • Loans of up to $312,500 to businesses with revenues of less than $1 million.
    • Up to $3.125 million for businesses with revenues between $1 million and $50 million.
    • Up to $6.25 million for businesses with revenues in excess of $50 million.
  • Loans would be interest-only for the first 12 months, with a 10-year repayment period.
  • Applications details will be made available in the days to come by financial institutions.
  • BDC Co-Lending Program for Small and Medium Enterprises – click HERE
    • Up to $6.25 million
    • Commercial interest rate
    • 10-year repayment period
    • Available through your primary financial institution

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For More Details – Click HERE

Small and medium-sized businesses can also get support through a new Co-Lending Program that will bring the Business Development Bank of Canada together with financial institutions to co-lend term loans to these businesses for their operational cash flow requirements.

BDC Co-Lending Program for Small and Medium Enterprises – Applications details will be made available in the days to come by financial institutions.

  • This program provides term loans for operational and liquidity needs of businesses, which could include interest payments on existing debt.
  • Similar to the EDC program, this program is available to businesses that were financially viable and revenue-generating prior to the COVID-19 outbreak.
  • The program is designed in three segments to target support to different business sizes.
    1. Loans of up to $312,500 to businesses with revenues of less than $1 million.
    2. Up to $3.125 million for businesses with revenues between $1 million and $50 million.
    3. Up to $6.25 million for businesses with revenues in excess of $50 million.
  • Loans would be interest-only for the first 12 months, with a 10-year repayment period.
  • Applications details will be made available in the days to come by financial institutions.

BDC Co-Lending Program for Small and Medium Enterprises

  • a) Up to $6.25 million
  • b) Commercial interest rate
  • c) 10-year repayment period
  • d) Available through your primary financial institution