BDC Technology Financing

📋 Eligible Entities - Canadian small and medium-sized enterprises (SMEs) - Private corporations - Sole proprietors and partnerships - Agricultural businesses - Not-for-profit organizations - Cooperatives - Businesses must be established and operating for a minimum period (typically 2+ years of operation) - Must have a viable business plan and creditworthiness ### 💰 Funding Details - Loan Amount: Up to 100% of technology investment costs - Repayment Structure: Flexible repayment terms tailored to business cash flow - Repayability: Loan-based (must be repaid with interest) - Interest Rates: Competitive rates based on risk assessment and market conditions - Loan Terms: Typically 3-10 years depending on asset life and business needs - Collateral: May be required based on loan amount and risk profile - No matching requirement: Funds can cover full project cost ### 🛠️ Approved Expenses - Hardware: Computers, servers, networking equipment, peripherals - Software: Licenses, platforms, applications, and digital tools - Implementation & Integration: Installation, configuration, and system integration services - Consulting Services: Technology advisory, implementation support, and training - Cloud-based Solutions: Subscriptions and cloud infrastructure investments - Cybersecurity Tools: Security software and infrastructure improvements - E-commerce Platforms: Technology enabling online sales and digital operations ### ⚠️ Conditions & Milestones - Technology Relevance: Investment must directly improve business operations, productivity, or competitiveness - Project Timeline: Funds typically must be deployed within a specified timeframe (12-24 months) - Financial Covenants: Business must maintain satisfactory financial metrics and provide regular reporting - Personal Guarantee: Owner may be required to personally guarantee the loan - Use of Funds: Money must be used solely for approved technology investments; no reallocation permitted - Repayment Obligation: Begins after disbursement or project completion, depending on terms agreed - Business Continuity: Company must remain operational and meet debt service obligations throughout