Newcomer Entrepreneur

Administrator: Business Development Bank of Canada (BDC)
Source of Funds: Federal Government, Canada
No Deadline
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About

This program provides financing of up to $50,000 to newcomers in Canada to start or grow a business through BDC's Newcomer Entrepreneur Loan. Applicants must have immigrated to Canada less than three years ago, hold permanent resident or protected person status, and have a viable business plan. The financing is subject to approval and is intended to help address challenges such as limited credit history and knowledge of the Canadian business environment.

All of Canada | Loans and Repayable Contributions | Government Loan with Interest (Government loan)

Funding Limits

Eligible Expenditures

  • Max $50,000
  • Government Loan
  • Any costs
  • Application Fee: None

Contact Information

Guidelines and Forms