BDC announces additional measures to provide relief for Canadian entrepreneurs

New measures include working capital, payment postponements and rate reductions.

Effective immediately, new relief measures for qualified businesses include:

1. Working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for qualifying businesses;

2. Postponement of payments for up to six months, free of charge, for existing BDC clients with total BDC loan commitment of $1 million or less

3. Reduced rates on new eligible loans

4. Additional details regarding Business Credit Availability Program (BCAP) measures, including industry specific support, to be announced in the coming days.

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