Organizations and Agencies
In addition to private sector (Chartered Banks and venture capital) investments, the federal and provincial governments have established a wide range of programs that offer financing, grants and loans to businesses in Toronto. These programs support both small and medium-sized enterprises, as well as large multinational corporations at all levels of development.
Business Development Bank of Canada (BDC)
The Business Development Bank of Canada (BDC) helps small and medium-sized enterprises develop and grow by providing access to capital. Each year, BDC provides assistance to more than 28,000 companies across all sectors of Canada’s economy through financing, venture capital and consulting services.
Types of Financing
- Term Loans – provided to companies at all stages of business development.
- Subordinate Financing – provided to companies looking to expand, acquire or which are in transition.
Export Development Canada
Export Development Canada (EDC) is Canada's export credit agency, offering innovative financing, insurance and risk management solutions to help Canadian exporters and investors expand their international business.
Services
- Insurance – Provides insurance solutions to mitigate commercial risks.
- Financing for Canadian Companies – EDC supports international transactions.
- Financing for Foreign Companies – Provides innovative support of foreign buyers of Canadian goods and/or services through loans, guarantees and lines of credit. (Brochure)
- Bonding - Provides guarantees to name="" target="_blank"banks who can then can guarantee foreign customers and suppliers.
- Credit Profiles - Helps to obtain financial and credit information on foreign customers.
Search for Government Financing
Canada Business provides an easy to use search tool for finding government financing, grants and loans.
Canada Business: Government grants, loans and financing