Technology Equipment Loan (BDC)
BDC's technology equipment loan is for businesses with at least 12 months of revenue that need computers, software, a website or IT advice. It is a loan, so you repay it with interest.
“Our tech equipment loan covers most tech solutions with a fast, easy process and flexible terms.”
From the official program page
Before you spend any money
Ask BDC whether the money is paid out before or after you buy the equipment or services.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You are a Canadian business that has been generating revenue for at least 12 months.
- You need money to buy IT equipment, software, or expert IT advice for your business.
- 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 your business is not profitable and has no clear plan to earn revenue.
How much you'd realistically get
The official page does not list a loan amount. The amount is based on your project. Ask BDC before you apply.
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
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.
What to know before you count on it
- This is a loan, not a grant, so you must repay the principal plus interest.
- The official page does not list the interest rate. Ask BDC before you apply.
- Your payments go up after the first 24 months, when you also start repaying the principal.
- 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 history, your profitability, and whether your technology plan makes sense for your business.
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 page says the loan covers expert advice on IT planning and strategy. It does not mention general staff training. Ask BDC before you apply.
What is the interest rate?
BDC does not show a rate on its official page. Ask BDC what rate you would pay on your loan.
More funding by what it pays for
Funding for Automation
Loans and grants to help you automate business workflows and tasks.
Funding for Cybersecurity
Some digital grants and technology loans may help pay for cybersecurity measures.
Funding for Websites
Grants and loans to help you build or improve your business website.
Funding for E-commerce
Grants and loans to help you launch or improve your online store.
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.
Page last updated ; status and deadline checked . Source: official program page.