Innovation Financing

Content provided by Canada-Ontario Business Service Centre

Eligibility Criteria

Companies with growth potential, a solid business plan, sound management team and a viable strategy may be eligible. The BDC considers each request case by case.

Eligible Activities

Financing possibilities include:

• increasing inventory to boost sales and receivables;
• providing working capital required to develop new markets and products;
• paying R&D costs associated with introducing these new products or services;
• financing development of e-commerce initiatives, such as Web sites and software integration;
• implementing a marketing plan or growth strategy;
• exploring new export markets;
• adopting quality management standards, such as ISO certifications and HACCP;
• offering consulting services to help evaluate your export and technology needs in order to improve the overall efficiency and productivity of your business.

Advantages

• Loan with flexible repayment terms.
• Repayment options designed to protect cash flow.
• Possibility of deferred capital payments and seasonal or progressive repayment schedules.
  

Contact Information:

Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Contact(s):
See National Contact.

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National Contact(s):
Head Office
Business Development Bank of Canada
Suite 400
5 Place Ville-Marie
Montréal, Quebec  H3B 5E7
Fax: 1-877-329-9232
Toll-free (information): 1-877-BDC-BANX (1-877-232-2269)
E-mail: info@bdc.ca
Web site: http://www.bdc.ca/en/home.htm

Related Reading

• Starting a Business

More Information

• BDC branches
• BDC Financing