If your business needs new software, hardware, or IT systems, paying upfront can strain your cash flow. BDC Technology Financing helps Canadian businesses by offering a repayable loan that covers the full cost of technology projects. This loan is designed for established companies that want to modernize or grow their technology without slowing down their daily work.
BDC Technology Financing, also called the BDC technology equipment loan, is a repayable loan from the Business Development Bank of Canada. It supports investments in information and communications technology (ICT). This includes software, hardware, and services needed to set up or improve your systems.
Main features:
The goal is to help Canadian businesses improve productivity, boost cybersecurity, and increase digital capacity.
To qualify for BDC Technology Financing, your business must meet all of these requirements:
BDC will review your financial statements, cash flow, and overall business health before approving your loan.
This program is best for small and medium-sized businesses that are ready to upgrade their technology. Early-stage startups without steady revenue are not a good fit.
BDC Technology Financing is meant for technology investments. It does not cover regular operating costs. Eligible expenses usually include:
The loan can pay for up to 100% of these costs. This helps you keep cash available for other needs, like hiring or buying inventory.
You can use GrantHub’s eligibility matcher to see if BDC Technology Financing fits your business needs before you apply.
Applying for this loan is more detailed than applying for a grant, but it is manageable if you prepare your documents.
BDC may set up your repayment schedule to match the way your new technology helps your business.
Thinking this is a grant
BDC Technology Financing is a loan. You must repay the full amount with interest.
Applying too soon
If your business has less than 12 months of revenue, your application will likely be turned down.
Including costs that do not qualify
Regular operating expenses, wages, or marketing costs are not eligible unless they are directly tied to your tech project.
Incomplete financial records
Missing or outdated statements can delay or stop your approval.
Q: Is BDC Technology Financing a grant or a loan?
It is a repayable loan, not a grant. You must repay the full amount under the terms you agree to.
Q: How much can I borrow?
You may be able to borrow up to 100% of your eligible technology project costs, depending on your business finances.
Q: Does my business need to be profitable to qualify?
You need to be earning revenue and able to repay the loan. Good cash flow is more important than high profits.
Q: Are consulting fees covered?
Yes. Technology-related consulting, such as IT setup or systems integration, is an eligible expense.
Q: Is BDC Technology Financing considered government assistance?
BDC loans count as debt, not grants. Ask your accountant how to record them for tax and reporting.
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