BDC Start-up financing

Who can apply

1. Location: Based in Canada
2. Time in business: 12 months +
3. Profitability: Generating revenue
4. Credit history: Good track record
5. Subject to loan approval. Must be in operation for at least 12 consecutive months and generating revenue
6. To qualify for BDC financial support at the start-up stage, your business must meet certain requirements: Be based in Canada. Have been operating for at least 12 months. Have a good track record
7. Canadian operations: Your business must be registered and active in Canada
8. Revenue requirements: Demonstrate consistent revenue or a clear path to generating income
9. Generating profits: Your business should show profitability or a clear path toward it
10. Cash flow capacity: Show that you can manage repayments comfortably
11. Business plan: A solid plan with realistic financial projections and clear objectives is essential
12. Ownership: Owners and shareholders must have reached the age of majority
13. Shareholders of legal age with good credit history
14. Businesses are not eligible if they: Promote violence or cruel behaviour; Engage in sexual exploitation; Promote sexually explicit content
15. 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

Who can't apply

• 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
• 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
• Produce, advertise, sell or disseminate pornographic content or sexually explicit content (18+ or unrated content)