BDC Capital — Capital de croissance et transfert d’entreprise — Fonds de roulement

📋 Eligible Entities - Canadian-controlled private corporations - Businesses in growth or transition phases - Companies with demonstrated revenue and operational history - Enterprises pursuing R&D development, product innovation, or market expansion - Businesses capable of servicing debt obligations - Companies not in financial distress or insolvency proceedings ### 💰 Funding Details - Maximum Funding: $35 million CAD - Type: Repayable financing (loan, not a grant) - Structure: Working capital financing to support operational and growth needs - Terms: Determined based on business profile, project scope, and BDC assessment - Repayment Obligation: Full repayment required with interest - Matching Requirements: Varies; typically requires owner/shareholder equity contribution ### 🛠️ Approved Expenses - Research & Development (R&D) payroll and project costs - Product development and commercialization - Market expansion and business development initiatives - Working capital to support growth projects - Technology acquisition and implementation - Inventory and supply chain investment related to growth - Sales and marketing initiatives for market entry ### ⚠️ Conditions & Milestones - Application Requirements: Comprehensive business plan with detailed use of funds allocation - Financial Documentation: Latest financial statements, tax returns, and cash flow projections - Collateral/Security: Security interest typically required (personal guarantees, asset pledges) - Covenants: Financial performance metrics and reporting obligations throughout loan term - Disbursement: Funds released in tranches upon achievement of milestones or project phases - Monitoring: Regular financial and operational reporting to BDC required - Timeline: Application review and approval process typically 4-8 weeks - Restrictions: Funds cannot be used for debt refinancing, acquisitions, or shareholder distributions