Explore BDC’s Newcomer Entrepreneur Loan for immigrants starting businesses in Canada.
### About BDC Newcomer Entrepreneur Loan
The Business Development Bank of Canada (BDC) provides tailored financial support for newcomer entrepreneurs looking to start or grow a business in Canada. Based in Montreal, BDC offers the Newcomer Entrepreneur Loan, designed for immigrants without an established Canadian credit history. Loans can reach up to $60,000, paired with advisory services to help navigate the Canadian business landscape. This program is ideal for newcomers seeking capital for equipment, marketing, or operational costs.
BDC’s mission is to empower entrepreneurs by offering flexible financing and expert guidance. For newcomers, this means overcoming initial barriers like lack of credit or local networks. The program also connects applicants with resources to build solid business plans, enhancing their chances of success. Eligibility includes being a landed immigrant or permanent resident with a viable business idea.
With over 75 years of supporting Canadian businesses, BDC is a trusted Crown corporation focused on economic growth. Newcomers benefit from its nationwide reach and commitment to inclusivity. Visit www.bdc.ca for more details and application steps.
Why Choose BDC?
- No Canadian credit history required
- Access to mentorship and tools
- Flexible repayment terms
This funding option is a cornerstone for immigrant entrepreneurs aiming to thrive in Canada’s competitive market.