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Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

BDC's app

Finanso.Multilogin™

To help clients keep track of their finances on the go, BDC has developed a mobile app called BDC Mobile. The app is currently available on iOS 13 and later versions. The Android version of the app is still under development. To sign up for the notification about the Android version release, click the “Let me know when it's available on Android” link and fill in the form.

With BDC Mobile, you can get access to the following features:

  • Manage your BDC account

  • Check your eligibility for a pre-authorized loan

  • Keep track of your loan activities and repayment schedule

  • Receive timely updates on your BDC account

But, the functionality of BDC Mobile goes far beyond managing your BDC account and viewing your loan activities. Designed to help business owners make informed decisions on their company’s financial health, BDC Mobile offers the following opportunities:

  • Set up measurable goals (up to 13 KPIs available)

  • Monitor progress towards achieving goals

  • Receive personalized suggestions to reach the desired goals

  • Monitor your business's financial health by setting up goals and KPIs

  • Integrate with your QuickBooks or FreshBooks to see your monthly key KPIs

  • As the situation changes, you can easily change your plans and target dates as needed

BDC also welcomes everyone to join their group of beta testers to ensure that the app meets clients' needs to the fullest. To become a tester, you will need to fill in the short form on the BDC Mobile page of the website.

BDC on App Store

Download app

FAQ

Where can I get the BDC mobile app?

BDC has a mobile app, BDC Mobile, designed to simplify banking and help entrepreneurs keep track of the financial health of their business. Unfortunately, BDC Mobile is available only on the App Store for now. 

To get a notification, click the “Let me know when it's available on Android” link and fill in the form.

Calculate loan payments in BDC

BDC calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount
i

Enter the desired loan amount

CAD
CAD
USD
10000 $
500000 $
Loan term
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Specify the loan term for the calculation

months
days
6
60

What to pay attention to when applying for a loan from BDC

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes BDC from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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