Equipment Purchase Financing

By mmuise
Description:

BDC offers Equipment Purchase Financing that businesses can use to increase capacity by acquiring production line machinery, hardware, equipment, or specialized items like lab materials. It also serves to improve efficiency by supporting investments in commercial vehicles or modernizing operations. Furthermore, this financing option can complement a company's line of credit by replenishing working capital depleted by equipment costs.


Comments on Funding:

Funding takes the form of a loan.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be Canadian-based businesses;
  • be Canadian residents;
  • be in operation for at least 12 months and generating revenues;
  • have reached the age of maturity in the province or territory where they reside.
Application Steps:

Applicants must apply online.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

n/a

About the author
mmuise