Pivot to grow loan
Get up to $5 million to help you counter the effects of tariffs on Canadian exports to the U.S. by preserving cash flow, diversifying your market or buying equipment.1
This program provides financing that can help you maintain operations, seize new opportunities, invest in productivity and adapt to a changing business environment while protecting your cash flow.
Offered by BDC
Amount
Up to $5 million per stream, for a maximum total of $10 million per support program
Quick eligibility check
Who can apply
Here are some of the general requirements to get financing under the Pivot to Grow Program.
Minimum requirements
Location | Canadian-based
Annual revenue | $1M or more
Years in business | 3 years
Cash flow | Historically positive
Eligible profile | Minimum 15% of sales must be derived from exports to the U.S.²˒³
Do I need a resilience plan to get financing?
It depends on what your business needs. A resilience plan is required to qualify for the Pivot Support and Equipment Financing under the Pivot to Grow Program. It is meant to demonstrate how the business will pivot to adapt to the changing market conditions. Liquidity Support do not require a resilience plan.
The business must have been viable before the implementation of tariffs and must demonstrate negative material impact on their operations and profitability due to U.S. tariffs, related uncertainties or current economic downturn.
For the Liquidity Loan, a minimum of 15% of sales must be derived from exports to the U.S. and tariffs are equal to a minimum of 5% of the company's revenue.
For the Pivot to Grow Program and the Equipment loan, a minimum 15% of sales must be derived from exports to the U.S. or revenues must have decreased or costs increased by at least 10% due to U.S. tariff. Businesses must present a plan to adjust to the new environment and have the capacity to execute that plan. The loan must be used to address potential impacts from tariffs, related uncertainties or current economic downturn.
To benefit from the Pivot to Grow working capital Loan, you must have an up-to-date plan to reposition operations.
About the funding
Get up to $5 million to help you counter the effects of tariffs on Canadian exports to the U.S. by preserving cash flow, diversifying your market or buying equipment.1
Liquidity to support your cash flow
We stand behind entrepreneurs who navigate the rising costs and market uncertainty with financing that supports day-to-day operations. Plus, if you qualify, you can pay interests only for up to 36 months and take up to 96 months to repay your loan4, including initial principal postponements.
Pivot to reshape your business
Show all funding details
Change brings challenges and opportunities. Get financing to strengthen your business, rethink your supply chain and explore new markets, products or industries, with up to 24 months interest-only payments and up to 84 months to repay your loan4, including initial principal postponements.
Finance equipment
Boost productivity with equipment financing tailored to your growth plans. Get up to 24 months interest-only payments and up to 168 months to repay your loan, including initial principal postponements.
Each stream of the program is capped at $5 million, for a maximum total of $10 million per support program.
Take up to 96 months to repay your Liquidity Loan, up to 84 months to repay your Pivot to Grow working capital loan and up to 168 months to repay your Pivot to grow equipment loan, including the initial principal postponements. You can prepay at any time with no penalty.
Maintain operations
Access financing to help manage cash flow pressure and maintain business continuity.
Improve productivity
Finance equipment and investments that allow your business to remain competitive.
Build resilience
Adapt your supply chain, explore new markets and respond to changing trade conditions.
What's the difference between Liquidity Support and Pivot Support?
Liquidity Support is designed to help businesses sustain their operations if they are experiencing or will experience an operational cash flow shortfall within the next 12 months due to the direct impact of the U.S. tariffs. On the other hand, Pivot Support helps businesses impacted by U.S. tariffs finance initiatives that strengthen their competitiveness, productivity and resilience, including revising the supply chain model, diversifying their markets or implementing a resilience plan.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| EDC Direct lending | Loan, Loan Guarantee | Direct loans that typically start at $1 million, structured to match your business needs, priced in line with commercial market rates | 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 Working capital loan | Loan | No fixed amount | Open |
| Black Entrepreneurship Program: Black Entrepreneurship Loan Fund | Loan | Up to $250,000 | Open |
