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
Who can apply
- Location: Based in Canada
- Time generating revenue: 12 months +
- Profitability: Generating revenue
- Credit history: Good track record
- Your business must be registered and active in Canada
- Demonstrate consistent revenue or a clear path to generating income
- Your business should show profitability or a clear path toward it
- Show that you can manage repayments comfortably
- A solid plan with realistic financial projections and clear objectives is essential
- Owners and shareholders must have reached the age of majority
- Shareholders of legal age with good credit history
- We do a credit check on all loan guarantors, as well as on members of the board of directors
- Businesses are not eligible if they: Promote violence or cruel behaviour; Engage in sexual exploitation; Promote sexually explicit content
- 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.
- Purchase servers, networks, or computers
- Invest in ERP software, collaboration tools, cloud computing, AI, specialized software or business intelligence and analytics tools
- Update or create a new website, e-commerce site, or social media presence
- Boost your cybersecurity efforts
- Strengthen your digital infrastructure
- Cover the cost of expert advice on IT planning, strategy, security, online sales
- And more
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| BDC Loan for tech companies | Loan | No fixed amount | Open |
| BDC Small business loan | Loan | Up 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 financing | Loan | Up to $150,000 | Open |
| Canadian Agricultural Strategic Priorities Program | Grant, Loan | AAFC contribution normally not exceeding $1 million per project, generally not more than $5 million over 5 years for each applicant | Open |