Inclusive entrepreneurship loan

Overview of the Inclusive entrepreneurship loan program:

The Inclusive Entrepreneurship Loan from the Business Development Bank of Canada (BDC) offers private-sector financing of up to $350,000 to businesses that are at least 51% owned and led by individuals from underserved communities (women, Indigenous, or Black entrepreneurs). The loan carries no application or annual fees, includes flexible repayment terms, and may offer a deferred principal payment period of up to 24 months. Borrowers also complete an Entrepreneurship Fundamentals course to receive an interest rate reduction. The program is designed to support capital investment, technology adoption, marketing, and working capital needs.

Benefits of the Inclusive entrepreneurship loan program:

• The loan supports underserved entrepreneurs with up to $350,000 in financing at preferential rates. There are no application or annual fees, and borrowers may defer principal payments for up to 24 months, easing early cash flow pressure. An online entrepreneurship course can reduce interest rates. This program helps equip business owners with capital for growth while lowering financing barriers through flexible terms.

Eligibility criteria of the Inclusive entrepreneurship loan program:

• Business is located and registered in Canada
• Applicant(s) are legal residents of Canada
• At least 51% ownership and leadership by individuals identifying as women, Black, or Indigenous entrepreneurs
• Annual revenue less than $3 million
• Applicant(s) are legal residents of Canada
• No application or credit review fees
• Business in good standing (no recent bankruptcies)