Business Development Bank of Canada (BDC)

Business Development Bank of Canada (BDC),

Definition of Business Development Bank of Canada (BDC):

  1. Although the BDC provides its services to all small business, it focuses on the technology and exporting industries in particular. The BDC's vision as stated on their website is "to make a unique and significant contribution to the success of dynamic and innovative entrepreneurship in Canada." The BDC also provides Canada-specific economic analysis and research to its clients and the greater public.

  2. The Business Development Bank of Canada (BDC) is a financial institution founded in 1944 that is wholly owned by the government of Canada, providing financial and consulting services to small and medium-sized Canadian businesses. It describes itself as the only Canadian bank devoted entirely to the needs of entrepreneurs, supporting small and medium-sized businesses (SMEs) in all industries and at every stage of growth with money and advice.

  3. A government-owned financing authority that provides debt financing, venture capital services and business advice to small to medium-sized Canadian companies. Its purpose is to generate economic activity and support export companies.

Meaning of Business Development Bank of Canada (BDC) & Business Development Bank of Canada (BDC) Definition