BDC Operating Line of Credit Guarantee
Business Development Bank of CanadaApplies to: All of Canada
Designed to help you manage your cash flow during this economic crisis, this program could help increase your current line of credit by providing a guarantee to your financial institution.
To qualify, your business must be commercially viable. You must also have an operating line of credit (with authorized limits between $400,000 and $40,000,000) that is secured by short-term assets. You may be able to use this BDC guarantee to maintain or increase your credit limit.
For more information, contact your financial institution to determine if you are eligible. If so, your financial institution will contact the BDC to make the request on your behalf.
