Working Capital Financing (formerly: WC Loan)

By mmuise
Description:

The Working Capital Loan helps Canadian businesses complement other lines of credit, launch growth projects (expand into new markets, develop new products, protect intellectual property, launch a marketing campaign) and improve profitability (pay suppliers upfront to get special discounts, obtain certification, train employees).


Comments on Funding:

Funding is a loan and starts at $100,000. Preferred terms and conditions for loans over $350,000 apply.
Loan terms:
1. up to 8 years to repay the loan;
2. up to 24 months principal postponement at the start of the loan.

Deadline: Currently accepting applications
Eligibility:

Applicants must:

  • be Canadian citizens or permanent residents;
  • have reached the age of majority in the province or territory in which they live;
  • have a business that has been in operations for at least 24 months.
Application Steps:

Applicants must:

1. complete an online business loan request providing a few details about the business, the project and contact information;

2. further discuss with a BDC representative when contacted.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

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About the author
mmuise