BDC Reviews, Ratings And Fees July 2021

Based on 12
Customer Reviews
5, Place Ville Marie, Suite #100
Montreal, Quebec
H3B 5E7
  • Monday to Friday 7:30 am - 8p m EST

Who Is BDC

With a clientele of over 56,000 entrepreneurs and over 200,000 borrowers, the Business Development Bank of Canada is a good place to visit when you’re looking to invest in or purchase a business or finance the needs of your own. While they do offer loans of up to $100,000 for aspiring business owners, you might be able to secure even more financing if you’re an investor with the right business strategy. Contact them today to learn what it takes to be approved.


Offered Services

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Loan Range
Rate & Terms
Product Details
Requirements & Documents

Business Loan

Interest Rate
6.05% +
Term (Months)
Funding Time
48 hours or more
Funding Method
Repayment Options

Reviews & Ratings

Is BDC legit or a scam? See what others have to say.

They are terrible to deal with, no phone calls to explain why just an email no wonder people are fed up with them. They claim to help small businesses... read more

- Dylan Lowry (February 9, 2021)

They are not out to help entrepreneurs, its a lie. They are yet another government-ran bank with clueless employees. If you are a small business, good... read more

- Alex (September 16, 2020)

I’ve referred many clients to BDC over the years and after hearing many negative reports I decided to try myself. The place is an absolute Joke.... read more

- Sadly this place is useless (July 8, 2020)

BDC is a “bank” and NOT “for entrepreneurs”. Run like a government department rather than a supporter of small business.

- John (July 8, 2020)

I am now 16 years with BDC, 3 loans later. 1: buy business 2: renovate business 3: expand business. COVID19 has taken 16 years of work and killed it. ... read more

- David B (June 12, 2020)

Applied for a small business loan due to Covid at the start of the pandemic (March) and have not heard back if approved and it is already May. Terribl... read more

- Darryl (May 28, 2020)

The BDC is not out to help small businesses. They are out to make money. Be prepared to pay insane interest! Oh and if there’s a global pandemic and y... read more

- DJBT (March 31, 2020)

The worst bank ever. People work there are brainless and super hard to reach.

- EE (February 12, 2020)

This government-run organization’s goal is to provide loans, easy to get with higher interest rates, but will not explain how interest rates kee... read more

- John (November 19, 2019)

Probably the worst bank I’ve dealt with, 11 to 13 percent interest for entrepreneurs… how do so many groups propose them as a solution.

- Tim (November 15, 2019)

Dealing with BDC is like I’ve sold my soul to the devil. At first it was nice dealing with BDC but with the Canadian economy slowing down, BDC i... read more

- Jim (October 17, 2019)

This is a trusted service provider in Canada.

- Loans Canada (June 11, 2019)

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BDC Reviews on Loans Canada
Best Personal Loan Provider by Greedy Rates

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