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Government of Canada, Business Development Bank of Canada
BDC Financing — Small Business Loan
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
15 minutes
Can you get this?
✓Business located in Canada
✓In business at least 24 months
✓Currently generating profits
✓Personal credit score 600 or higher
✓At least $100K annual revenue (up to $100K loan)
Your real odds
There is no published acceptance rate, but the criteria are transparent and the online process is built for speed.
Meeting the listed criteria does not guarantee approval, because BDC runs a full review of both the business and its owners on every application. The program accepts applications year-round with no competitive intake cycle.
What it takes
Check eligibility (revenue, credit score, profitability, 24 months in business)15 minutes
Complete the online application (a few questions, no credit check at this stage)15–30 minutes
Full review by BDC; provide financial statements if applying for $100K–$350KUp to 10 days (under $100K) or up to 30 days ($100K–$350K)
Worth knowing
If you apply for under $100K, BDC approves in under 10 days with no application or prepayment fees, so a smaller initial ask is worth considering if you are sitting on the edge of the higher revenue threshold.
What else do you qualify for?
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