BDC New Canadian Entrepreneur Loan

Business Development Bank of Canada

Are you an immigrant entrepreneur? You could get a repayable loan of up to $50,000 to start a new business.

To be eligible, you must:

  • Have immigrated to Canada less than 3 years ago
  • Be a Canadian citizen or have permanent residence status
  • Have a viable business plan
  • Have no established or little credit history to easily access financing

The terms are flexible, with a repayment period of up to 6 years. You would not need to make any capital payments for up to 12 months.

Other conditions apply.

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