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BDC Small Business Loan
New relief measures for qualified businesses include:
- Businesses can access up to $100,000, have the ability to postpone capital payments for the first six months and repay the loan at their own pace over five years.
- Eligibility: Canadian based business; generating revenue for at least 24 months; good credit history
- For the duration of the COVID-19 crisis, this loan is offered at 2.80% interest rate, which is BDC’s floating base rate of 4.55% (effective March 31, 2020), minus 1.75%. This interest rate may change without notice.
Business Development Bank of Canada: 1-877-232-2269