BDC Newcomer entrepreneur
Experienced as a business owner or not, BDC helps immigrants handle the typical challenges of building a company in Canada.
Access up to $50,000 to grow your company
No credit history? That’s okay—ask about our Newcomer Entrepreneur Loan*.
Offered by Business Development Bank of Canada (BDC)
Amount
Up to $50,000
Loan of up to $50,000 (an amount between $25,000 and $50,000), subject to approval, with highly flexible payment terms
Quick eligibility check
Who can apply
- Immigrated to Canada less than three years ago
- Have a permanent resident status or protected person status
- Have a viable business plan
Important message — To be eligible for this loan, you must have immigrated to Canada less than three years ago and have permanent resident status as well as a viable business plan.
*To apply for a newcomer entrepreneur loan, you must have reached the age of majority in the province or territory in which you live, have immigrated to Canada less than three years ago, and have permanent resident status.
About the funding
Access between $25,000 and $50,000 to grow your company
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| BDC Indigenous Entrepreneur Loan | Loan | Up to $350,000 | Open |
| BDC Purchase order financing | Loan | Finance up to 90% of the order value (excluding taxes, deposits and other payments received from the buyer), with up to 18 months to repay the loan | Open |
| BDC Wholesale Financing: Syndicated Financing | Loan | No fixed amount | Open |
| EDC Direct lending | Loan, Loan Guarantee | Direct loans that typically start at $1 million, structured to match your business needs, priced in line with commercial market rates | Open |
