Working Capital COVID-19 Financing

Overview of BDC (Business Development Bank of Canada) Working Capital Offering:

Terms & Conditions

  • Working Capital loans up to $2MM; with 12 months interest only payments (potential for 6 months no payments)
  • 36-month term to a 60% balloon;
  • Intertest rate:  2.8%

Documentation Required

  • Most recent three years of accountant prepared year-end financial statements;
  • Most recent interim financial statements (if year-ends are more than 3 months old) with comparisons to the previous year’s interim period (if available);
  • Projections and a cash flow forecast (a 6-month cash flow forecast may be most applicable); The purpose is to understand the company’s true cash needs for the next six months.
  • An organizational chart to the beneficial ownership level (i.e. shareholder level).

For more information please see the link below to BDC’s website:


Contact MP Group

We can provide assistance with this process and also preparation of the required documents for your business.

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