Technology Equipment Loan (BDC)
Upgrade your tech stack with a BDC loan for equipment and software. Enjoy interest-only payments for the first 24 months and flexible repayment terms up to 8 years to keep cash flow steady while you grow.
“Our tech equipment loan covers most tech solutions with a fast, easy process and flexible terms.”
From the official program page
Before you spend a dollar
Confirm on the official page whether funds are disbursed before or after you purchase the equipment or services.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You are a Canadian business that has been generating revenue for at least 12 months.
- You need funding to buy IT equipment, software, or expert advice for your digital transformation.
- You have a solid credit history and are profitable or generating consistent revenue.
Probably not the right fit if
- You are a new business that has not yet generated revenue for 12 months.
- You are looking for a grant or non-repayable funding, as this is a loan that must be repaid.
- You have a poor credit history or are currently unprofitable without a clear path to revenue generation.
How much you'd realistically get
The specific loan amount is not published; confirm on the official page.
What may be supported
- Purchase of servers, networks, or computers.
- Investment in ERP software, collaboration tools, or cloud computing.
- Creation or update of a website, ecommerce site, or social media presence.
- Cybersecurity improvements and digital infrastructure strengthening.
- Expert advice on IT planning, strategy, security, and online sales.
How applying works
Effort: moderateYou must submit a loan request online and speak with a representative to get a tailored solution.
- 01Submit a loan request online via the BDC website.
- 02Talk to a BDC representative to discuss your needs.
- 03Receive a tailored loan solution based on your business profile.
- 04Provide required documentation for credit and revenue verification.
- 05Finalize the loan agreement and disbursement terms.
Who to ask: 1-877-232-2269; contact form at bdc.ca/en/contact-us/contact-us-form
Before you apply
Your lender will want to see what the money buys
A written quote for the project makes your application concrete and shows the lender exactly where the money goes. BBN Labs works with you on this: we prepare a quote for the work this program funds — scope, costs and timelines you can put straight into your application. Free, no obligation.
Get my quote for this program →Documents commonly required
- Proof of business registration in Canada.
- Financial statements showing revenue generation for the past 12 months.
- Credit history or report demonstrating a good track record.
- Detailed proposal for the digital infrastructure or software investment.
How BBN Labs helps
- BBN builds your website and e-commerce store with the loan funds, giving you a modern online shop that sells while you sleep.
- BBN sets up your Local SEO and Google Business Profile so local customers find you when they search for your services.
- BBN installs a Google review system using QR codes to turn happy customers into five-star ratings that build trust instantly.
- BBN configures your POS and automation tools to streamline orders and save hours of manual data entry every week.
- BBN designs your digital marketing campaigns to drive traffic to your new site and keep your storefront busy with new leads.
What to know before you count on it
- This is a loan, not a grant, so you must repay the principal plus interest.
- The interest rate is not published; confirm on the official page.
- You must pay only interest for the first 24 months, but principal repayment begins after that period.
- The total repayment period can be up to 8 years, which affects your long-term cash flow.
What are your odds?
Approval depends on your credit track record, profitability, and the viability of your digital investment plan.
Frequently asked questions
Is this money taxable?
Loan proceeds are generally not taxable income, but interest payments may be tax-deductible. Consult a tax professional.
Can I use this loan for staff training?
The official program page states it covers expert advice on IT planning and strategy, but do not explicitly mention general staff training. Confirm on the official page.
What is the interest rate?
The interest rate is not published. Confirm on the official page.
Related BBN services
Automation & AI Workflows
Follow-ups, reminders, lead routing and reporting that run themselves. Practical automation without the AI theatre.
Cybersecurity & Privacy Readiness
Two-factor logins, backups, access control, email security and privacy basics: the unglamorous work that keeps you in business.
Business Websites
Fast, search-ready websites your customers can actually use. Built, hosted and maintained by one accountable team.
E-commerce & Online Catalogues
Online stores and product catalogues that sell. Shopify, WooCommerce or custom, with payments, shipping and training.
What you can combine it with
Check if this loan can be combined with other federal or provincial digital adoption grants.
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Worth reading before you apply
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated ; last verified today with the official source. Source: official program page.