BDC Financing — Equipment Purchase Loan
Get the tools to grow with financing up to 125% of the equipment purchase price. This is a repayable loan for Canadian businesses with at least 12 months of revenue history. Verified against the official source on July 2, 2026.
How we verify funding records →
“Our Equipment Loan covers up to 125% of the purchase price of new or used equipment for extra flexibility and peace of mind.”
Before you spend a dollar
This is a loan; you must secure approval before purchasing equipment to ensure the financing covers the cost.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You have been in business for at least 12 months and are generating revenue.
- You need to buy new or used equipment, machinery, or commercial vehicles.
- You have a solid credit history and can manage a loan repayment plan.
Probably not the right fit if
- You are a new business with less than 12 months of operating history.
- You are not currently generating revenue.
- You are looking for a grant or non-repayable funding since this is a loan that must be repaid with interest.
How much you'd realistically get
Up to 125% of the equipment purchase price.
What may be supported
- Production line machinery
- Automated equipment
- Robotics systems
- Hardware
- Specialized equipment (e.g., lab material)
- Commercial vehicles
- Renewable energy and waste management equipment
How applying works
Effort: moderateYou must submit a loan request online and speak with a BDC representative to get a tailored solution.
- 01Submit a loan request online via the BDC website.
- 02Talk to a BDC representative to discuss your needs.
- 03Get a tailored solution based on your business profile.
- 04Provide required documentation to finalize the loan.
Who to ask: 1-877-232-2269; or contact form at https://www.bdc.ca/en/contact-us
Documents commonly required
- Proof of business registration and Canadian location.
- Financial statements showing current revenue generation.
- Credit history or report demonstrating a good track record.
- Quotes or invoices for the equipment you intend to purchase.
How BBN Labs helps
- BBN connects your ordering and inventory systems around the equipment the loan funds — the software side sits alongside the loan (BDC finances software separately under its technology loan).
- BBN builds the automation workflows that connect your new machinery or robotics to daily operations — complementary work alongside the loan-funded hardware.
- BBN guides you through the BDC loan application and deadlines so you don't lose the funding.
What to know before you count on it
- This is a loan, not a grant; you must repay the principal plus interest.
- Interest rates are not published; confirm the exact rate on the official BDC page.
- You must have at least 12 months of business history and current revenue to qualify.
- Amortization can extend up to 12 years, meaning long-term debt obligations.
What are your odds?
Approval depends on your credit history, revenue status, and the specific equipment purchase; BDC is a federal Crown corporation with strict lending criteria.
Frequently asked questions
Can I use this loan for used equipment?
Yes, BDC finances up to 125% of the purchase price for both new and used equipment.
How long do I have to repay the loan?
Amortization can be up to 12 years, with an option to pay interest only for the first 24 months.
Is there a deadline to apply?
No, BDC loans can be applied for anytime, but you must meet the eligibility criteria at the time of application.
What is the interest rate?
The interest rate is not published; confirm the exact rate on the official BDC page.
What you can combine it with
This loan can potentially be combined with other funding sources, but you must manage the total debt load carefully.
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Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated July 3, 2026; last verified July 2, 2026 against the official source. Source: official program page.