BDC Loan for tech companies
Whether you’re scaling up or well established, fuel your growth with a flexible loan that lets you keep ownership of your business and offers terms tailored just for you.*
Financing for tech companies is available to a wide range of technology businesses operating in Canada. This includes software and SaaS companies, digital services firms, and technology‑enabled businesses at various stages of growth.
Offered by Business Development Bank of Canada (BDC)
Amount
No fixed amount
Quick eligibility check
Who can apply
- Location: Based in Canada
- Profitability: Generating revenue
- Credit history: Good track record
- Financing for tech companies is available to a wide range of technology businesses operating in Canada
- This includes software and SaaS companies, digital services firms, and technology‑enabled businesses at various stages of growth
- Eligibility is based on factors such as your business model, revenue profile, growth plans and financial health—not just your industry classification
- If you’re unsure whether your company is a good fit, a BDC expert can help you review your options
- Owners and shareholders must have reached the age of majority
- Businesses are not eligible if they: Promote violence or cruel behaviour: Organize, produce, advertise, sell, or disseminate intense violent content (18+ or unrated content); Incite hatred or cruel behaviour; Discriminate based on race, national or ethnic origin, colour, religion, sex, age and/or mental or physical disability; Participate, support, engage or indirectly promote any form of human rights abuse; Operate a business organizing or perpetrating violent or cruel behaviour. Engage in sexual exploitation: Operate any form of sexually exploitive business such as an escort service, brothel, erotic massage parlour, strip club, swinger’s club, or motel that rents rooms by the hour. Promote sexually explicit content: Produce, advertise, sell or disseminate pornographic content or sexually explicit content (18+ or unrated content)
- If a business participates in any of the following industries or activities, they're not eligible: Charitable, religious, and fraternal organizations; Unions, political/lobbying, and advocacy organizations; Government ownership; Private schools; Medical and personal care, nursing, and rehabilitation centres; Market speculation activities; Residential properties; Drug industry: marijuana/cannabis or related products/services industry; Virtual currency and Non-Fungible Token (NFTs); Financial services or similar activities; Bars, lounges, or similar establishments; Gambling operations
About the funding
Keep your business in your hands longer
There’s no need to sell your shares as collateral, so you can retain control of your business as you grow.
Terms tailored to your needs
Get breathing room to ramp up with the possibility of interest-only payments at the start of the loan, a customized repayment schedule according to your cash flow and the option to pay off your principal at the end of the term.
Show all funding details
- Accelerate your go-to-market
- Develop new products or solutions
- Hire employees
- Invest in sales, advertising, and marketing
- Buy another business
- Expand into new markets
- Invest in projects in between rounds of funding
- And more
What can a loan for a technology company be used for?
A loan for tech companies can support a range of common growth needs, including:
- Hiring or retaining talent, such as developers or product teams
- Investing in cloud infrastructure, software or digital tools
- Product development and innovation
- Market expansion or go‑to‑market initiatives
The purpose is to support business growth while helping manage cash flow and day-to-day operations.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| BDC Small business loan | Loan | Up to $350,000 per BDC Small Business Loan: up to $100K (up to 6 months interest-only payments, 5-year amortization) or over $100K and up to $350K (up to 12 months interest-only payments, up to 8-year amortization) | Open |
| BDC Working capital loan | Loan | No fixed amount | Open |
| Canadian Agricultural Strategic Priorities Program | Grant, Loan | AAFC contribution normally not exceeding $1 million per project, generally not more than $5 million over 5 years for each applicant | Open |
| BDC Start-up financing | Loan | Up to $150,000 | Open |
