BDC Equipment Loan

Amount:

No fixed amount

Type:

Loan

Description:

BDC offers Equipment Purchase Financing that businesses can use to increase capacity by acquiring production line machinery, hardware, equipment, or specialized items like lab materials. It also serves to improve efficiency by supporting investments in commercial vehicles or modernizing operations. Furthermore, this financing option can complement a company’s line of credit by replenishing working capital depleted by equipment costs.

Comments on Funding:

Equipment loan covers up to 125% of the purchase price of new or used equipment for extra flexibility and peace of mind.*

Deadline:

Continuous Intake

Eligibility:

Applicants must:

1. Be based in Canada
2. Be in operation for 24+ months
3. Be generating revenue
4. Have good track record

Application Steps:

Applicants must:

1. Submit a loan request online. Tell about your project and provide information about your business.

2. Talk to a representative. BDC will call you to discuss your project in depth, including the documents needed for our analysis.

3. Get a tailored solution After evaluating your application, BDC will send you a loan offer based on your financial needs and capabilities.

Documentation Needed:

No specific documentation has been identified

Other Things to Note:

Link Guide:

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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