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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 ...
Canada: Business Development Bank of Canada (BDC) Colombia: Financiera de Desarrollo Territorial (FINDETER) El Salvador: Banco de Desarrollo de El Salvador (BANDESAL) Jamaica: Development Bank of Jamaica; Peru: Corporación Financiera de Desarrollo (Cofide)
The Business Development Bank of Canada (BDC) came out with a new, $400 million climate tech fund on Wednesday, which it called a "renewed commitment" to help build "world-class Canadian clean ...
For much of the 20th century, Canada's trust companies were controlled by the major banks through interlocking directorates. However, revisions to the Bank Act in 1967 forbade individuals from sitting on a bank and trust company board simultaneously; this had been a recommendation in the 1964 Report of the Royal Commission on Banking and ...
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 ]
Small Business Development Centers With chapters around the country, SBDCs are designed to help small businesses succeed by offering counseling, education, and other resources.
CED works with a network of partners, which includes: Business Development Bank of Canada (BDC), Canada Business Network, Investissement Québec, Ministère de l'Économie et de l'Innovation Québec (MEI), National Research Council Canada (NRC), and others. [16] The agency has offices throughout the province.