BDC Mid-Market Financing Program ### 📋 Eligible Entities - Medium-sized Canadian businesses (typically $10M–$250M+ in annual revenue) - Incorporated companies and partnerships - Businesses with established operating history and financial track record - Companies in most sectors (exceptions: real estate speculation, financing companies, non-regulated lending operations) - Businesses demonstrating strong management and creditworthiness ### 💰 Funding Details - Loan Amount: $12.5 million to $60 million - Repayability: Commercial loan (must be repaid with interest) - Interest Rate: Market-based rates determined by BDC at time of approval - Terms: Flexible repayment schedules negotiated based on cash flow and business needs - Matching: No matching requirement from applicant - Security: Typically requires collateral (real estate, equipment, or other assets) ### 🛠️ Approved Expenses - Operational liquidity needs (working capital, cash flow management) - Business continuity activities - Debt refinancing and consolidation - Equipment and asset purchases - Expansion and growth initiatives - Strategic acquisitions - General corporate purposes supporting business operations ### ⚠️ Conditions & Milestones - Application Process: Formal loan application with detailed financial statements, business plan, and management information - Financial Requirements: Minimum profitability and debt service capacity; strong financial position required - Covenants: Standard commercial loan covenants (financial ratios, reporting requirements, restrictions on major transactions) - Timeline: Approval and funding typically 6–12 weeks pending due diligence - Ongoing Obligations: Regular financial reporting, annual audited statements, covenant compliance monitoring - Security Conditions: First or second mortgage/charge on business assets as agreed