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The Business Development Bank of Canada (BDC; French: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises.
Unlike most bank loans to small businesses, government loans may be unsecured. Loan guarantees – Under the Canadian Small Business Financing Act, [1] the federal government may guarantee a financial institution's loan to a small business, to a maximum of 85 percent. If the borrower defaults on a loan, the bank is protected, and therefore more ...
Business Development Bank of Canada; Business Development Company - is a publicly traded private equity tax-advantaged investment company in the US investing in small and mid-sized businesses; BDC Aero Industrie, a Canadian aircraft manufacturer based in Lachute, Quebec
Once the DAP is approved, the qualified businesses can apply for a no-interest loan of up to CA$100,000. To qualify, businesses must be for-profit SMBs with at least one employee, committed to digital adoption, and incorporated in Canada. [4] In February 2024, ISED stopped the program by calling it "fully subscribed". [5]
On January 11, 2013, Minister Diane Finley announced that a hard drive containing information of 583,000 student loan borrowers had been lost from a Canada Student Loans Program (CSLP)/HRSDC office in Gatineau, Quebec. [4] Borrowers who registered a loan between 2000 and 2006 were potentially affected.
In 2014, EDC joined the loan party and announced it would be giving US$500 million to Reliance Industries, the largest private company in India, a move criticized by Maclean's. [10] EDC in 2016 provided $1.2 billion in Canadian dollars in financing, and in 2017, was looking to provide loans worth CAD$1.3 billion to businesses in India. [ 12 ]
The Community Futures Network of Canada is an extensive network of 269 community futures development corporations. [1] The national Community Futures Program is administered by four regional development agencies, the Atlantic Canada Opportunities Agency (ACOA), Canadian Economic Development for Québec Regions (CED-Q), Western Economic Diversification Canada (WD), and the Federal Economic ...
The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act , it is responsible for formulating Canada's monetary policy, [ 5 ] and for the promotion of a safe and sound financial system within Canada. [ 6 ]