Canadian Manufacturing

BDC offers another $300M in commercial loans for Atlantic provinces

Funding focus is on agri-food, including fisheries, ocean technology, tourism, and information and communication technologies

July 12, 2019  The Canadian Press

ST. JOHN’S, N.L.—The Business Development Bank of Canada (BDC) says it plans to provide an additional $300 million in commercial loans over the next two years to support business growth in the Atlantic provinces.

The bank says the funding is in addition to the $280 million package it announced in 2017.

Gina Gale, BDC’s senior vice-president – Atlantic, says the success of the first part of the program prompted the new funding.

BDC’s Atlantic funding supports commercially viable companies that are looking to grow, including acquisitions, change-of-ownership and investment in exporting.

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The focus is on agri-food, including fisheries, ocean technology, tourism, and information and communication technologies.


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