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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)
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 ...
Small Business Development Centers With chapters around the country, SBDCs are designed to help small businesses succeed by offering counseling, education, and other resources.
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