The Business Development Bank of Canada (BDC) is 100% devoted to helping Canadian entrepreneurs succeed. BDC provides financing for small to mid-size enterprises that may need a helping hand to get them past a roadblock and the good news is, Propel Solutions’ clients may qualify!
BDC is a Crown Corporation that – with an independent Board of Directors – operates at arm’s length from its sole shareholder, the Government of Canada. It was founded in 1944 as a response to the World War II economy, and has been going strong ever since. Because it has been in operation for over 70 years (and because it has a government affiliation) BDC is a financially sustainable operation with a ton of in-house expertise. And they’ve been profitable since 1998, which means the dividends they pay to their shareholder, Canada, go towards you…and me…and all other Canadians. It almost makes you feel good about paying interest!
BDC provides financing for several business needs, including investing in real estate, buying new or used equipment, start-up financing, and expansion loans, among others. In fact, one of BDC’s offerings is to help you access your business’ working capital; that is, to complement your line of credit without diluting the ownership of your company.
But the BDC is not just another bank – it also offers free resources to help your business succeed; including several regular publications, webinars and even an Entrepreneur’s Toolkit that includes templates to help the newbies (or seasoned business people who may need a refresher) ensure their business becomes everything they want it to be.
Depending on your project’s objectives, Business Process Improvement consulting could fit into some of BDC’s finance streams. So, if you want to be a Propel client but are confronted by some cash flow issues, you should look at BDC. The (really) good news is that Propel guarantees a 3:1 return on your investment within the first year, so you will be reaping the financial benefits of an engagement with us long after your loan is paid off.
If you know you want Propel Solutions to help you with your Business Improvement needs but you require some financial buffer to aid in your business’ transformation, check out the BDC website for more information. And then once you’ve done that, come visit us and say hello.
If you would like to learn more about how Propel can help you achieve a 3:1 return, feel free to get in touch with us.
