BDC Small business loan

Who can apply

1. Up to $100K: At least $100K in annual revenue
2. Up to $100K: Personal credit score of 600 or higher
3. Up to $100K: Currently generating profits
4. Up to $100K: In business for at least 24 months³
5. Up to $100K: Business located in Canada
6. Up to $100K: Meeting these criteria doesn’t guarantee approval. All applications are subject to a full review of the business and its owners
7. Over $100K and up to $350K: At least $250K in annual revenue
8. Over $100K and up to $350K: Personal credit score of 600 or higher
9. Over $100K and up to $350K: Currently generating profits
10. Over $100K and up to $350K: Financial statements of the last 24 months³
11. Over $100K and up to $350K: Business located in Canada
12. Over $100K and up to $350K: Meeting these criteria doesn’t guarantee approval. All applications are subject to a full review of the business and its owners
13. Location: Based in Canada
14. Time generating revenue: More than 24 months
15. Profitability: Generating profits
16. Credit history: Good track record
17. If your business has been operating for 12 to 24 months, please note that approval timelines may be longer, additional fees may apply, and some eligibility criteria may differ
18. To apply for a BDC loan you must be a Canadian citizen or permanent resident and have reached the age of majority in the province or territory in which you live
19. BDC provides financing for businesses that have been in operation at least 12 months
20. Businesses are not eligible if they: Promote violence or cruel behaviour: Organize, produce, advertise, sell, or disseminate intense violent content (18+ or unrated content); Incite hatred or cruel behaviour; Discriminate based on race, national or ethnic origin, colour, religion, sex, age and/or mental or physical disability; Participate, support, engage or indirectly promote any form of human rights abuse; Operate a business organizing or perpetrating violent or cruel behaviour. Engage in sexual exploitation: Operate any form of sexually exploitive business such as an escort service, brothel, erotic massage parlour, strip club, swinger’s club, or motel that rents rooms by the hour. Promote sexually explicit content: Produce, advertise, sell or disseminate pornographic content or sexually explicit content (18+ or unrated content)
21. If a business participates in any of the following industries or activities, they're not eligible: Charitable, religious, and fraternal organizations; Unions, political/lobbying, and advocacy organizations; Government ownership; Private schools; Medical and personal care, nursing, and rehabilitation centres; Market speculation activities; Residential properties; Drug industry: marijuana/cannabis or related products/services industry; Virtual currency and Non-Fungible Token (NFTs); Financial services or similar activities; Bars, lounges, or similar establishments; Gambling operations