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Government of Canada, Business Development Bank of Canada
Financial support to help manage rising tariffs
Helps Canadian steel and aluminum businesses get working capital to manage higher costs and protect jobs. Provides loans between $2 million and $50 million to adapt operations amid trade challenges.
Financial support in the form of working capital loans with preferred interest rates to help Canadian businesses in the steel, aluminium, and copper industries manage rising tariffs, offset higher costs, protect jobs, and maintain operations. BDC also offers advisory services to help navigate trade challenges.
Business Size: medium, large
Industries: steel, aluminium, copper, fabricated products, products mostly or entirely made of steel, aluminium and copper
Region: Canada
Revenue Range: From $1M
Other Criteria: Canadian-based and headquartered commercial entities, viable businesses, 3 years or more in operation, materially impacted by U.S. tariffs, viable prior to the tariff measures, demonstrate direct negative material impact on their operations and profitability due to U.S. tariffs, export products directly subject to tariffs or sell goods that contain steel, aluminium and copper components where the full good is now tariffed
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Government of British Columbia
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This program is available to medium, large businesses in steel, aluminium, copper industries located in Canada.
This program offers funding up to $50,000,000 (minimum $2,000,000).
The application deadline is December 31, 2026.
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