Pivot to Grow Loan

Business Development Bank of Canada (BDC) · The Pivot to Grow Loan provides flexible financing to Canadian businesses to help them adapt to changing trade conditions, manage tariff impacts, and maintain…

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Overview

The Pivot to Grow Loan provides flexible financing to Canadian businesses to help them adapt to changing trade conditions, manage tariff impacts, and maintain operations. Businesses can use the funds for working capital, equipment financing, and supply chain adaptation, with flexible repayment terms including interest-only periods of up to 24-36 months and repayment periods up to 168 months.

Eligibility

Canadian-based business with annual revenue of $1 million or moreMust have been in business for 3 yearsHistorically positive cash flowMinimum 15% of sales derived from exports to the U.S., or revenues decreased or costs increased by at least 10% due to U.S. tariffsBusiness must demonstrate negative material impact on operations and profitability due to U.S. tariffs, related uncertainties, or current economic downturnMust present a plan to adjust to the new environment and demonstrate capacity to execute it

Eligible projects

Working capital to maintain operations and manage cash flow pressureEquipment financing to improve productivity and remain competitiveSupply chain adaptation and repositioningExplore new markets, products or industries

Financing terms

Liquidity loans: up to 36 months interest-only and up to 96 months total repaymentPivot to Grow working capital loans: up to 24 months interest-only and up to 84 months total repaymentEquipment loans: up to 24 months interest-only and up to 168 months total repaymentIncludes initial principal postponementsFlexible rates and terms designed to support businesses navigating tariff impactsNo prepayment penalties

How to apply

1Check eligibilityConfirm you meet every criterion listed above before you start.

2Prepare the project packageProject description, budget with quotes, team, and recent financial statements.

3Apply on bdc.caGovgrant members can draft the application with AI and export a formatted PDF.

4Respond to reviewer questionsMost programs come back with one round of questions within a few weeks of submission.

Additional information

Each stream of the program is capped at $5 million, for a maximum total of $10 million per support programA resilience/repositioning plan is mandatory for working capital and equipment loan streams; BDC Advisory Services can help develop oneProgram terminates automatically if U.S. tariffs are repealed, cancelled, suspended or cease to have effectSpecialized streams available for forestry businesses ($10M to $25M) and steel/aluminium businesses ($250K to $50M)

At a glanceMaximum$10MProviderBusiness Development Bank of Canada (BDC)DeadlineMar 31, 2028StatusOpenRegionCanadaOfficial sourcebdc.ca ↗

Members only