The Business Development Bank of Canada (BDC) was incorporated in the year 1944. At that time, it was known as the Industrial Development Bank or IDB. It is presently a state-regulated financial services provider and the owner of the company is the Government of Canada.
The Business Development Bank of Canada functions as a provider of financial and advisory services to the small scale and medium scale businesses in Canada. In carrying out its functions, the bank always concentrates on export and technology. The debt obligations of the Business Development Bank of Canada are guaranteed by the Government of Canada and these loans are taken both from private sector and public sector enterprizes.
With its reputation and professional expertise, the Business Development Bank of Canada has achieved the position of a market leader in the commercial sector of Canada.
According to Maclean’s magazine, BDC has ranked among the top 100 employers in Canada in the year 2007. The principal objective of BDC is the growth of small and medium scale businesses in Canada with the help of appropriate and well-timed financial and advisory services.
The products and services offered by the Business Development Bank of Canada can be categorized into the following types:
Venture Capital Services
Subordinate Financing Services
BDC also provides online financing services to a number of entrepreneurs. What the business owners need to do is just filling out an online financing form for letting the bank know their requirements.
BDC also offers a number of business tools to its customers, which include the following:
Business plan template
Ask a professional
At present, the President and Chief Executive Officer (CEO) of the Business Development Bank of Canada is Jean-Rene Halde.
Business Development Bank of Canada
5 Place Ville Marie, Suite 400
Montreal, Quebec, H3B 5E7
Toll-free number: 1 877 BDC-BANX (232-2269)
Fax: 1 877 329-9232
Last Updated on : 29th July 2013