The Business Development Bank of Canada is a crown corporation created to help grow Canadian SMEs by providing financial and consulting services that complement the private sector financial institutions. The BDC’s Marketing Expansion Loan can provide extra money for specific repayment terms for maximum flexibility.
This program was designed to aid Canadian entrepreneurs in growing their markets. The expansion financing can be used to:
- Participate in trade shows and conduct business development overseas
- Develop local or international contacts and distribution networks
- Develop export plans
- Develop e-commerce
- Produce and implement a marketing plan
- Purchase additional inventory to expand and export to new markets
Financing up to $100,000 in a long-term plan can help expand and grow a business with many unique repayment features. Make note that this is an unsecure loan with interest in the range of 9%.
Any interested entrepreneurs should contact Mentor Works for guidance and support.