Provides $5 billion in additional lending (loans and other forms of credit support and enhancements) to businesses with viable business models whose access to financing would otherwise be restricted. Any creditworthy Canadian business seeking financing to support its operations may apply for credit under the Program.
Visa Credit Line for Small Business, provides access to funds up to $50k.
Term loans to finance business expansion.
Variable rate loans start at $5k and fixed rate loans start at $10k.
HSBC Canada offers short- and long-term financing options for Canadian businesses interested in U.S. or international expansions. All commercial loans and lines of credit are made by HSBC Bank USA.
The goal of the BDC is to create and develop Canadian businesses through financing, venture capital and consulting services, with a focus on small and medium-sized enterprises (SMEs).