BDC New Canadian Entrepreneur Loan
Are you an immigrant entrepreneur? You could get a repayable loan of up to $50,000 to start a new business.
To be eligible, you must:
- Have immigrated to Canada less than 3 years ago
- Be a Canadian citizen or have permanent residence status
- Have a viable business plan
- Have no established or little credit history to easily access financing
The terms are flexible, with a repayment period of up to 6 years. You would not need to make any capital payments for up to 12 months.
Other conditions apply.
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