Business Development Bank of Canada (BDC) Business Purchase or Transfer Financing

Amount:

no fixed amount

Type:

Loan

Description:

Businesses looking into acquiring a company, engaging in a merger, or expanding by acquiring a competitor can turn to BDC for Business Purchase or Transfer Financing. Business owners are advised to seek the necessary financing and support from experts. This approach ensures a seamless transaction that benefits both the acquiring business and the one being acquired.

Comments on Funding:

Funding takes the form of a loan. Take advantage of preferred terms and conditions for loans over $350,000.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be Canadian-based businesses;
2. be Canadian residents;
3. be in operation for at least 12 months and generating revenues;
4. have reached the age of maturity in the province or territory where they reside.

Application Steps:

Apply online.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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