BDC Inclusive entrepreneurship loan
$350,000
Loan
Description:
Helping ambitious business owners from underserved communities get the financing, education and support they need to succeed.
Comments on Funding:
Offers up to $350,000 to businesses at least 51% owned and led by women, Indigenous, or Black entrepreneurs. It features affordable financing, no application or annual fees, and the option to postpone principal payments for up to 24 months.
Continuous Intake
Eligibility:
Applicants must be:
1. Based in Canada
2. Revenue of less than $3M
3. At least 51% owned and led by persons from an underserved community
Application Steps:
Applicants must:
1. See if you’re eligible: Provide information on the business and shareholders and confirm that you meet the eligibility criteria.
2. Apply online: Fill out a loan application with a BDC specialist.
3. Sign and receive your funds: Receive your funds, complete the Entrepreneurship Fundamentals online course and receive an additional interest rate reduction.
Documentation Needed:
No specific documentation has been identified
Other Things to Note:
About the author
Maurice
