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Business Development Bank of Canada
Federal business development bank providing financing and advisory to entrepreneurs.
About
The Business Development Bank of Canada (BDC) in Chatham offers financing, advisory services, and capital to entrepreneurs and small businesses.
Services
Location
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What is BDC?
BDC, the Business Development Bank of Canada, describes itself as the bank for Canadian entrepreneurs, supporting small and medium-sized businesses in all industries and at every stage of growth with financing and advice.
What financing products does BDC offer?
BDC offers a range of loans, including a Small Business Loan, Working Capital Loan, Equipment Loan, Commercial Real Estate Loan, Purchase Order Financing, Technology Company Loan, Business Purchase/Transfer Loan, and Starting Business Loan for businesses operating 12 to 24 months. It also provides investment capital through venture capital and growth equity partnerships.
What are the eligibility requirements for BDC's Small Business Loan?
A business must be based in Canada, have more than 24 months of revenue-generating history, be generating profits, and have a good credit track record. Loans up to 350,000 dollars are available, with those under 100,000 dollars targeting approval in under 10 days.
What advisory services does BDC provide?
BDC's consulting spans eight areas: strategy, finance, sustainability, leadership, marketing and sales, international expansion, operations, and risk and compliance.
Where is BDC's Chatham business centre located?
The Chatham business centre is located at 124 Thames Street, Chatham, Ontario N7L 2Y8, reachable locally at 519-257-6811, with hours by appointment Monday to Friday.
Does BDC offer support tailored to specific groups of entrepreneurs?
BDC serves specific entrepreneur groups including Black entrepreneurs, Indigenous entrepreneurs, women entrepreneurs, young entrepreneurs aged 18 to 39, and newcomers, as well as technology-sector businesses.
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