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If you have been in Canada for less than three years, have Canadian citizenship or permanent resident status, have no established credit history and a viable business plan, you may be eligible to receive a loan of up to $50K from the BDC. Loans Canada is a loan search platform and comparison website, not a lender. Loans Canada only works with financial service providers that adhere to Canadian laws and regulations.
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In fact, they’ve set aside $500 million just to help you with loan programs, conferences, learning events, and more. As an Indigenous entrepreneur, you want to deal with a bank that has in-depth insight into your unique business opportunities and challenges. COVID-19 Short-term, interest-free loans and non-repayable contributions of up to $306.8 million are available for small and medium-sized Indigenous businesses through Aboriginal financial institutions. BDC is the bank devoted to Canadian entrepreneurs. We provide financing and advisory services to small and medium-sized businesses at every stage of growth. This includes access to the right tools and resources, such as training, networking, partnerships and more.