BDC, Canada’s bank for entrepreneurs, announced that it has finalized the details of its new $20-billion Co-Lending Program, as part of the Business Credit Availability Program. Financial institutions will progressively roll out the program to businesses today and in the coming days. To access these loans, business owners must contact their primary financial institution which will assess … Read more
The Business Development Bank of Canada (BDC) and Export Development Canada (EDC) will make available additional financial capacity to help support Canada’s oil and gas sector. BDC will make available higher risk financing for Canada’s oil and gas sector, to strengthen companies’ financial position and complement financing available from EDC and other financial institutions. These commercial … Read more
The Business Development Bank (BDC) and Export Development Canada (EDC) will launch the new Small and Medium-sized Enterprise Loan and Guarantee program that will enable up to $40 billion in additional lending. The program will help Canada’s financial institutions provide credit and liquidity options, backed by BDC and EDC, that a range of Canadian businesses need. “The current economic … Read more
On Women’s Entrepreneurship Day, the Business Development Bank of Canada released a study that paints a promising future for women entrepreneurs. Women entrepreneurs now account for 28 per cent of all entrepreneurs in Canada and are growing 3.1 times faster than men. In fact, over the past 40 years, the number of female entrepreneurs has quadrupled. “Entrepreneurship … Read more
The Business Development Bank of Canada (BDC) released a new study on its 75th anniversary exploring how Canada’s entrepreneurs have changed over time. The study notes the highest number of new businesses in Canada in the past 10 years. BDC’s study, titled “A Nation of Entrepreneurs – The Changing face of Canadian Entrepreneurship” states that 44,700 … Read more
The Business Development Bank of Canada has been named “Best For The World 2019” honouree for its achievements as one of the world’s top-performing B Corporations. B Corps are businesses that balance purpose and profit and are certified as meeting rigorous environmental, social, governance and workplace standards. “We are proud of being recognized by the B Corp … Read more
Canada’s bank for entrepreneurs, is pleased to welcome three diverse and experienced leaders from Newfoundland and Labrador, Ontario and British Columbia to its Board of Directors. Cathy Bennett, Entrepreneur and Board Member, SheEO (N.L.), Abdullah Snobar, Executive Director, DMZ (Ont.) and Suzanne Trottier, Director of Capacity Development and Intervention, First Nations Financial Management Board (B.C.), will bring a diverse … Read more
The Business Development Bank has made it easier for entrepreneurs to access services across Canada, according to its newly published 2019 Annual Report. Always looking at new ways to increase access to financing and advice, the bank served a record 60,000 Canadian business owners in fiscal 2019, up seven per cent from the year before. These entrepreneurs … Read more
The Business Development Bank of Canada announced it will make available an additional $300 million in commercial loans over the next two years to support the growth of Atlantic Canada businesses, in an effort to help sustain the region’s continued economic development. This financing is in addition to the $280-million package that bank announced in 2017. Since … Read more
Business Development of Canada’s Capital Growth & Transition Capital division and Desjardins Capital have partnered to provide, in equal parts, $3.4 million in financing to Vincent Coderre and Jean‑François Nellis, two entrepreneurs from the Chaleur Bay region, to enable them to acquire the Pit Caribou microbrewery in L’Anse‑à‑Beaufils in Gaspésie. This non‑dilutive financing includes flexible repayment terms adapted to … Read more
