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OngoingFederalLoans

BDC Small Business Loan

Business Development Bank of Canada (BDC)

Up to $350K

Up to $350,000; up to $100K: 5-year amortization, up to 6 months interest-only, no application or prepayment fees; $100K to $350K: up to 8-year amortization, up to 12 months interest-only, certain fees apply

Online-assessed term loan of up to $350,000 for upcoming projects or expenses, with interest-only periods.

Open the official page ↗
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How to apply

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Who qualifies

Up to $100K: at least $100K annual revenue, personal credit score 600+, in business at least 24 months. $100K to $350K: at least $250K annual revenue and last 24 months of financial statements. Both: currently profitable and business located in Canada.

Small business

Good to know

  • Funding: Rate is current floating base rate plus a variance; no figure published.
  • Notes: BDC also offers larger term, equipment and commercial real estate loans (commercial real estate loans offer interest-only payments per bdc.ca/en/financing); sizes not published.

Evidence from the official page

  • amount“You can ask for up to $350,000 for a BDC Small Business Loan.” source ↗

Verified 2026-10-07 · High confidence. Always confirm on the official page before applying.