When the novel coronavirus began its spread across Canada in early March, BDC offered impacted businesses working capital loans of up to $2 million with flexible repayment terms to bridge them to more stable time. Since March, BDC has deployed more than $1 billion in new financing to Canadian SMEs of all sizes; authorized 10 times more working capital loans, in dollars; and, processed nearly 40,000 postponements for its clients representing $771 million in postponed payments.
Source: BDC
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