LoanCanadaTechnology AdoptionEquipment Purchase or UpgradesHiringPay for Expertise

BDC Technology Equipment Loan

Get quick access to cash to invest in technology to drive growth, trim costs, and boost your company’s competitiveness.*

There is no shortage of technology to keep your business lean, mean and competitive. Our tech equipment loan covers most tech solutions with a fast, easy process and flexible terms.

Offered by Business Development Bank of Canada (BDC)

Amount

No fixed amount

Quick eligibility check

Years in business
1+ year
Employees
No limit stated
Revenue
No limit stated
Legal structure
No requirement stated
Location
Anywhere in Canada

Who can apply

  1. Location: Based in Canada
  2. Time generating revenue: 12 months +
  3. Profitability: Generating revenue
  4. Credit history: Good track record
  5. Your business must be registered and active in Canada
  6. Demonstrate consistent revenue or a clear path to generating income
  7. Your business should show profitability or a clear path toward it
  8. Show that you can manage repayments comfortably
  9. A solid plan with realistic financial projections and clear objectives is essential
  10. Owners and shareholders must have reached the age of majority
  11. Shareholders of legal age with good credit history
  12. We do a credit check on all loan guarantors, as well as on members of the board of directors
  13. Businesses are not eligible if they: Promote violence or cruel behaviour; Engage in sexual exploitation; Promote sexually explicit content
  14. 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)

About the funding

Breathe easy with interest-only payments

Take a break on us and pay only interest for the first 24 months of the loan.

Get extra cash to cover extra costs

Finance the entire cost of the purchase of your tech equipment to help cover extra expenses like shipping, installation and training.

Show all funding details

Repay, your way

Match your loan and payments to your cash flow cycle to protect your day-to-day cash. Take up to 8 years to repay your loan.

  1. Purchase servers, networks, or computers
  2. Invest in ERP software, collaboration tools, cloud computing, AI, specialized software or business intelligence and analytics tools
  3. Update or create a new website, e-commerce site, or social media presence
  4. Boost your cybersecurity efforts
  5. Strengthen your digital infrastructure
  6. Cover the cost of expert advice on IT planning, strategy, security, online sales
  7. And more

Similar programs

ProgramTypeAmountStatus
BDC Loan for tech companiesLoanNo fixed amountOpen
BDC Small business loanLoanUp to $350,000 per BDC Small Business Loan: up to $100K (up to 6 months interest-only payments, 5-year amortization) or over $100K and up to $350K (up to 12 months interest-only payments, up to 8-year amortization)Open
BDC Start-up financingLoanUp to $150,000Open
Canadian Agricultural Strategic Priorities ProgramGrant, LoanAAFC contribution normally not exceeding $1 million per project, generally not more than $5 million over 5 years for each applicantOpen