BDC CDAP Loan

What are the loan terms and amounts?

Zero-interest loan of up to $100,000 with a 5-year term + 12 months capital postponement (total of 6 years). CDAP is a four-year program, so you can apply for the program until 2026.

The amount of the loan is determined by the size of your business. If your annual gross revenues are:

between $500,000 and below $5M you can request a loan of between $25,000 and $50,000
$5M and more, you can request a loan between $25,000 and $100,000

The loan must be used solely for the implementation of a digital adoption plan that is recognized by the CDAP Boost Your Business Technology stream .

Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements to receive a loan offer.

What does it cover?

The loan covers items directly related to the digital plan. Some examples are:

Acquiring IT equipment
Installation of new technologies
Updating and/or expanding IT equipment
Training staff on onboarded technologies
Materials and support services directly related to onboarding the technology
Further advisory services on particular aspects of the digital adoption plan