A small business loan for businesses with big dreams

Loans are repaid over 60 months. For the first 6 months, only the interest portion of the loan is due, as principal payments are postponed. Starting on the 7th month, the loan is repaid in 60 monthly payments.

You can apply for a loan from $10,000 up to $100,000. The final amount you are approved for will depend on several factors, including your business's revenue and financial history.

The time it takes to get approved for a loan will depend on a few factors, including how many loan requests are received and how quickly you provide all the necessary information. Rest assured that loan requests are processed as quickly as possible.

Interest rates will vary by client and be calculated based on the current floating rate as well as your personal and business information.

In 2022, we confirmed there are financial needs across the country that Canada Post, with the largest retail network in the country, is uniquely positioned to fill. Partnering with institutions like BDC allows us to further our commitment to Canadians by helping them find and access flexible financing and valuable entrepreneurship tools.

If you are already a BDC client, select "Apply now with BDC" and follow the outlined steps. When prompted, sign in to your Client Space account.

No. Please note that businesses participating in the following industries and activities are not eligible for funding at this time.

• Bars, lounges and similar establishments
• Market speculation
• Residential property financing
• Private schools
• Nursing, rehabilitation centres and personal care
• Cannabis and related products and services
• Virtual currencies and non-fungible tokens (NFTs)
• Arms, armament, ammunitions and related products
• Gambling operations
• Financing and cheque discounting activities

There is no fee to apply. If your request is approved and you accept the loan offer, standard BDC administration fees and an annual loan management fee of $150 will apply. If any amendments must be made in connection to the loan, a transaction fee of $150 per amendment will also apply.

No. After creating your BDC account and starting your application, you will need to sign in at different points to:

• Upload or provide certain business or personal information
• Provide consent from your business partners, if any
• If approved, accept the loan offer and sign all related documents

You will need to have the following information on hand:

Business information:

• Complete and up-to-date business information as listed in your business registry (having a copy of your up-to-date business registry may be helpful)
• Names, email addresses, home addresses and mobile phone numbers of the company's president, members of the board of directors, and shareholders
• Business cheque specimen

Personal information:

• 1 piece of personal ID

The online application will specify the information required to complete each step. You will also be able to save your progress should you need to obtain certain details and return later to complete your application.

Yes. The following individuals must provide their consent:

Individuals who have to guarantee the loan:

• All shareholders owning 25% or more of the business

One person from the board of directors as a signatory of the loan agreement:

• In Quebec: president of the board of directors
• Rest of Canada: a member of the board of directors, designated by BDC

For business located in Canada, except Quebec, a credit inquiry is done for:

• All shareholders owning 25% or more of the business
• Members of the board of directors

For business located in Quebec, a credit inquiry is done for:

• All shareholders owning 25% or more of the business
• President of the board of directors

Yes. However, if the shareholder owns 25% or more of the company's shares, you won't be eligible to apply for a loan online.

Yes. BDC's secure online loan application process uses two-factor authentication to protect your business and personal information, requiring them to send you a verification code by text message. Note that two people from the same company can't use the same mobile phone number or email address to create their BDC accounts.

No. Applicants must first meet BDC's eligibility criteria to apply for a loan. The submitted loan request must pass BDC's due diligence review to receive a loan offer. The online loan application form will walk you through these steps.

BDC's basic eligibility criteria are:

• Canadian-based business that has been in operation for at least 24 months and generating revenues
• The business owners (of 25% or more) must have reached the age of majority and have a good credit history.

The BDC team is ready to help at 1-800-974-0005, weekdays from 7:30 am to 8 pm (ET).