BDC Reviews, Ratings And Fees July 2021

Based on 12
Customer Reviews
ADDRESS
5, Place Ville Marie, Suite #100
Montreal, Quebec
H3B 5E7
BUSINESS HOURS
  • Monday to Friday 7:30 am - 8p m EST
WEBSITE
https://www.bdc.ca/
PROVIDER DETAILS

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.

Services

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Eligibility
Requirements & Documents

Business Loan

$100,000+
Interest Rate
6.05% +
Term (Months)
60
Funding Time
48 hours or more
Funding Method
Repayment Options
Flexible
Reviews

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)

The provider displayed on this page has not endorsed this listing.

Review this lender

Review Widget

Want to show off your rating on your website? Copy the code below to embed our review widget on your website.

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

Confidential & risk-free

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.

Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.

Your data is protected and your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Keep Track Of Your Credit Score

Subscribe with Credit Verify to monitor your credit rating and get your free credit score.