Archive for the ‘business loans’ Category
Funding for BDC to Assist Canadian Businesses
Tuesday, June 30th, 2009
Government of Canada Announces $450 Million in New Funding for BDC to Assist Canadian Businesses
TORONTO, Ontario, June 15, 2009 — The Honourable Tony Clement, Minister of Industry, today announced that the Government of Canada is providing $450 million to the Business Development Bank of Canada (BDC) in support of small and medium-sized enterprises and innovative firms.
The funding will include $100 million to establish the Operating Line of Credit Guarantee and $350 million over three years to help drive venture capital investment in promising Canadian technology businesses.
Posted in Government of Canada, business loans, canadian business, financial | No Comments »
