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$10 billion Business Credit Availability Program (BCAP) in Response to the COVID-19 Pandemic

As part of BDC’s ongoing commitment and support of Canadian entrepreneur’s during these uncertain times, we are pleased to introduce new measure’s of the recently announced $10 billion Business Credit Availability Program (BCAP).

Effective immediately, and in addition to our existing offerings (real-estate, equipment and working capital financing), the new relief measures for qualified businesses include:
– Working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for qualifying businesses;
– Postponement of payments for up to six months, for existing BDC clients;
– Reduced rates on new eligible loans.

Additional details regarding BCAP measures, including industry specific support, will be announced in the coming days.

If you or someone in your network has been impacted by COVID-19 and you want to discuss options, please reach out to myself (519-257-6807 / Celso.Oliveira@bdc.ca) or someone on our team today.

Thanks,
Celso

https://www.bdc.ca/en/about/mediaroom/news_releases/pages/bdc-announces-additional-measures-provide-relief-canadian-entrepreneurs.aspx

https://www.bdc.ca/en/about/mediaroom/news_releases/pages/canada-outlines-measures-support-economy-financial-sector.aspx

https://www.bdc.ca/en/pages/special-support.aspx?special-initiative=covid19

Celso Oliveira
Manager, Business Centre | Directeur, Centre d’affaires
519-257-6807     C 226-280-2917     F 519-257-6811    


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