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Oct 18, 2011 - 1 minute read - banking

BDC Allocates $200 Million To Help Entrepreneurs Invest In IT

The Business Development Bank of Canada (BDC) has allocated $200 million of loan funds to help entrepreneurs purchase new information and communications technology. The proceeds of the loans can be used to purchase hardware, software or consulting services including internet solutions.

BDC clients and non-clients including small or home based businesses are encouraged to apply. Those businesses applying for loans under $50,000 in total must apply online. Businesses looking for more than $50,000 under this initiative should call BDC customer service at 1 877 BDC BANX (232-2269).