Buy Equipment

If you are looking to modernize your business and production line, or to maintain growth with new equipment, the Business Development Bank of Canada's (BDC) financing and consulting solutions can help. In some cases, you can get up to 125% financing - 100% of the cost of new or used equipment with an additional 25% for related expenses such as installation and training.

Eligibility Criteria

To be eligible, you need to have a manufacturing or a processing company and have a desire to increase your productivity. The BDC considers each request case by case. 

Eligible Activities

Possible activities include:

• acquiring new or used equipment for both services and manufacturing businesses (including heavy equipment, hardware, software, specialized technology);
• restoring working capital depleted from purchasing equipment.

Summary

The features include:

• seasonal repayment schedules tailored to your business' cash flow;
• possibility to prepay the loan up to 15% of the balance per year without penalty;
• consulting services to help you meet your goals;
• your non-commercial assets are not taken as collateral;
• guaranteed term loan, that cannot be recalled without due cause.

Manitoba Contact(s):
See National Contact.

National Contact(s):
Head Office
Business Development Bank of Canada
Suite 400
5 Place Ville-Marie
Montréal, Quebec  H3B 5E7
Fax: 1-877-329-9232
Toll-free (information): 1-877-BDC-BANX (1-877-232-2269)
E-mail: info@bdc.ca
Web site: http://www.bdc.ca/en/Pages/home.aspx