Business Development Bank of Canada

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Business Development Bank of Canada

A government-owned corporation in Canada that provides financing, advisory, and venture capital services for small businesses and start-ups. The BDC helps promote economic growth, particularly for exporters and technology companies. Bonds issued by the BDC are guaranteed by the Canadian government. It was established as the Industrial Development Bank in 1944.
References in periodicals archive ?
Since the beginning, we have felt that BDC did not' put us in a box.
The setting up of the centre has already been approved by the government and the BDC, together with senior government officials and representatives of the private sector, have been working to transform the dream into reality.
Today, BDC employs over a hundred people and has an investment of over P600m.
Unlike other lending institutions, however, BDC Financing exclusively focuses on SMEs, channeling all its professional expertise into one focused direction.
Industrial development BDC projects completed in 1993 include provision of working capital for a shoe manufacturing operation in Selebi Phikwe, a safari operation in Kasane, the establishment of a small-scale manganese mining enterprise in Kanye and financial restructuring of a project involving the manufacture of cotton denim fabrics in Tuli Block.
For over 30 years, BDC has been providing testing services and equipment to aid with research and development, and functional product evaluation for regulatory submission of vascular grafts, endovascular stents, catheters, and heart valve technologies.
BDC then did not have any other option but to absorb the shares to raise money.
Marcheterre has 12 years of experience in the Consulting Group of BDC.
BDC Laboratories has released new technology to aid the medical device industry with their product design testing by providing physiologic simulated use test systems.
CHICAGO, July 14, 2015 /PRNewswire/ --Golub Capital BDC, Inc.
With the two organizations working together, it will allow the BDC to provide greater increase in higher-risk loans for SMEs to finance projects with a focus on business and market expansion and diversification.