What kind of financial assistance is available to small- and medium-sized businesses?
Financial services and assistance are available through a variety of specialized financial institutions. The list includes insurance companies, trust companies, credit unions, commercial credit and acceptance companies and factoring companies. Commercial credit and acceptance companies provide commercial loans. Factoring companies purchase the account receivables of manufacturers and wholesalers. Business Development Bank of Canada (BDC) The Business Development Bank of Canada (BDC) offers financial services to small businesses. These services include term loans, subordinate financing and venture capital. For more information, contact BDC as follows: Tel.: 1-888-463-6232 Email: info@bdc.ca Check the blue pages of your telephone book for the number of your nearest BDC office. Canada Small Business Financing (CSBF) Program The Canada Small Business Financing (CSBF) program was created to help small businesses reach their potential, by making it easier to get term business loans to financ
