Business Development Bank of Canada is the bank for Canadian entrepreneurs. The Government Of Canada-owned financial institution is a Crown corporation oriented towards national development.
They focus on small and medium-sized firms and are tasked to provide financing, growth and transition capital, venture capital, and advisory services to assist in developing Canadian businesses.
Canada’s first B Corp bank
BDC is Canada’s first B Corp bank. As a B Corps bank, they are a certified beneficial company whose mission is to help create and develop strong Canadian businesses through financing, consulting services and security. Their purpose is to create value for society and money, meet high standards of transparency and accountability and create positive social and environmental benefits.
They are the bank for Canadian entrepreneurs who provide subsidiary BDC Capital that offer a full spectrum of specialized financing, including venture capital, equity, growth and business transition capital. In addition, they specialize in small and medium-sized firms and provide funding, advisory services, and capital to support the growth and development and strengthening of Canadian businesses.
BDC has been serving Canadian entrepreneurs since 1944 to aid their long-term success. They support them in all industries and at all stages of development from business centres across Canada.
Offering the Customer Requirements
BDC has been collaborating with business owners for over 75 years and understands their challenges and needs and what they require to grow and succeed. They offer a wide range of services and funding programs for their clients. These services include:
- Flexible Financing
BDC offers business loans that best suit your business projects and provide working capital to protect cash flow. In addition, they provide financial solutions to help make your project a reality. Their commercial loans are intended for companies that have been in operation for at least 12 months, and for companies that have been around for less time, their partners offer assistance in starting up.
- Advisory services
Through their advisory services, BDC helps run a better and more profitable business, helping you succeed. They have over 500 business consultant networks across Canada that offer practical solutions and objective advice to help growing businesses address a wide range of challenges and opportunities, thereby hitting the next growth milestone. Their seasoned professionals with industry and sector experience focus on a systematic, business-driven strategy incorporating tried-and-true methodologies and best practices to deliver practical, tangible results.
- Smart capital
BDC helps business owners access specialized financing and investment solutions. Their smart capital offers to help turn great ideas into great companies, which in turn generates jobs, growth and wealth.
Their Corporate Financing provides business loans for large businesses with complex needs. At the same time, their Wholesale Financing provides indirect and syndicated financing solutions through or alongside financial institutions and other private sector lenders.
The Business Development Bank of Canada was recognized as a B Corp in 2013. It is the first and only bank in Canada to be certified as a Beneficial Corporation (B Corp). Businesses known as B Corps engage in ways that help society as a whole rather than merely concentrating on increasing profits. This certification reaffirms their unwavering dedication to generating economic, social, and environmental value for Canadians and their business owners.
BDC prioritizes sustainability by assisting Canadian entrepreneurs in developing a prosperous, inclusive, green economy. They are devoted to giving entrepreneurs the tools they need to create a thriving future for coming generations. In addition, they work in accordance with the UN’s Sustainable Development Goals and support the goals of the Paris Agreement for a cleaner, more sustainable future by 2050.
As the world struggles with the pandemic’s effects on health and the economy, we live in unprecedented and troubling times. Entrepreneurs are under a lot of stress due to the pandemic and feel more pressured, anxious, despondent, and isolated than ever. Making entrepreneurs’ well-being a priority, BDC is dedicated to assisting entrepreneurs in succeeding and becoming successful.
Business Development Bank of Canada is committed to the cause of entrepreneurs’ well-being and hopes that their tools and resources help entrepreneurs take care of their personal and professional development.
BDC helps grow your business with flexible financing solutions and expert advisory services. For more information, visit their website at https://www.bdc.ca/en.
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