The Business Development Bank will assist new Canadian Businesses through financing, venture capital and consulting, wiht a focus on small and medium-sized enterprises.
Working Capital financing:
- Increase inventory to support growing sales and receivables
- Replenish working capital depleted by capital expenditures
- Expand domestic markets or explore new and larger foreign markets
- Develop products
Business Development Bank financing to complement client's line of credit:
eg
PROJECT AMOUNT FINANCING AMOUNT
Purchase inventory $150,000 Client's bank: Line of credit $75,000
BDC financing: Working capital $75,000
Total $150,000 Total $150,000
Long term loan, guarantees are subordinate to the chartered bank
Support current operations and reduce pressure on accounts receivable.
Equipment Financing
- Purchase equipment (new or used) or retool
- Purchase a production line or automate a current one
- Replenish working capital depleted by equipment-related purchases
BDC can help you protect your client's cash flow
-Long term financing with an amortization period of up to 12 years
-Additional working capital to cover soft costs such as transportation, installation and training
They also do goodwill financing:
Contact: April Bottrell - Account manager 403.292.4022
april.bottrell@bdc.ca
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