BDC Start-up Financing
$250,000.00
Loan
Description:
The Start-up Financing Loan provides funds to help Canadian businesses who have been in operation for at least 12 months and have generated revenues to turn their business ideas into reality.
The financing can be used to:
1. purchase assets, pay start-up fees, or buy a franchise;
2. invest in marketing, a website or advisory services;
3. replenish working capital depleted by start-up costs.
Comments on Funding:
Funding is a loan of up to $250,000 and starts at $10,000 with up to 12 months principal postponement at the start of the loan.
Currently accepting applications
Eligibility:
Applicants must:
1. be Canadian-based businesses;
2. be in operation for at least 12 consecutive months and generating revenues;
3. demonstrate realistic market and sales potential;
4. have good credit history;
5. have reached the age of maturity in the province or territory where they live.
Application Steps:
Applicants must:
1. complete an online business loan request providing a few details about the business, the project and contact information;
2. further discuss with a BDC representative when contacted.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
