Process We Follow!

1

Funding Discovery Call

During a half hour call, we’ll get to know your business and what upcoming projects you have over the next one to five years so we can create a list of government grant and loan programs that your business may be eligible for.

2

Application Writing

Once we have a grant or loan program in mind, our application writing team will ask you a few questions about your business then take care of writing/submitting your application.

3

Be The First To Know About New Programs

New government funding programs open every week, and ongoing programs accept applications with a short intake window. Our Business Development team lets our clients know about new programs and intake periods before they’re announced on our site.

Most popular programs we currently help our clients with are:

1.Canada Digital Adoption Program

Complete Loan
Application

  • Log into the CDAP portal once your grant payment is approved and select “Go to BDC
  • Answer nine (9) eligibility questions to confirm your project and business eligibility.
  • Create a Client Space profile, confirm your business structure, and fill out the financing request

Validate Request
& Consent

  • The BDC team validates your request and details
  • Your business owner/shareholders and directors provide consent to the BDC.

Review &
Authorization

  • The BDC team gathers and reviews your documents, schedules a call with you, and validates your credit threshold.
  • The BDC team authorizes or declinesyour application. If declined, you will be informed by email.

Letter Of Offer &
Disbursement

  • If authorized, you will receive an email invitation to sign a letter of offer in the Client Space. It must be signed by you and all owner/shareholders.
  • The BDC team disburses the loan into your business bank account.

Key Features

Loan amount

  • $25,000-$50,000 for businesses with revenues between $500,000 and $5M
  • $50,000-$100,000 for businesses with revenues above $5M

Terms and Conditions

  • 0% interest, no fees, no guarantees
  • 5-year term + 12 months capital postponement (total of 6 years).
  • Your business must meet CDAP’s eligibility criteria and BDC’s credit worthiness requirements to be eligible to receive a loan offer.
  • You have six (6) months following the approval of your grant payment to submit your BDC loan application.

2.Futureprenuer

Futurpreneur Canada supports
young entrepreneurs with up to
$60,000* in financing, an expert
business mentor for up to two years,
and resources to help you plan,
manage and grow your business.

3.Canada Small
Business Financing
Program

Successful applicants may receive the following:

Access up to a maximum
of $1,000,000 for any one borrower;

No more than $350,000 may be used
for purchasing/improving a leasehold
or new/used equipment;

Interest rates determined by the bank
and may be fixed or variable

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