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Government of Canada, Business Development Bank of Canada
Loan to buy an existing business
Helps small business owners get a loan to buy an existing business or a competitor's business. This loan is based on the value of the assets being purchased.
Financing and guidance for acquiring a company, mergers, or business transfers, offering flexible terms including principal payment holidays and seasonal repayment schedules.
Business Size: small, medium, large
Industries: broad range
Region: Canada
Other Criteria: applicant must be a Canadian citizen or permanent resident, applicant must have reached the age of majority in their province or territory, all shareholders of the applicant's business must be of legal age in their province or territory, applicant's business must be generating revenue, applicant's business must have a good credit track record, applicant's business must have an account with a financial institution, must have a negotiated agreement to buy another company (e.g., agreed purchase price, letter of offer, closing date)
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This program is available to small, medium, large businesses in broad range industries located in Canada.
This program offers funding up to $5,000,000 (minimum $10,000).
This program accepts applications on a rolling basis.
One-time purchase, instant download. All prices in CAD.
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