February 20, 2013 – The Business Development Bank of Canada (BDC) offers tailored financing to entrepreneurs who want to invest in information & communications technology (ICT) equipment, software and consulting services, which includes IT planning, strategy, security and online services… even internet marketing and social media.
“Entrepreneurs have repeatedly told us that they have difficulty finding the funds to invest in hardware and software. In fact, many dig into their short-term working capital to fund such purchases, effectively reducing the cash flow they need to operate their business,” said Michel Bergeron, BDC’s SVP marketing & public affairs.
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The BDC technology loan has a 4-year amortization period and offers SMEs the immediate benefit of technology upgrades. The funds can be used to purchase everything from traditional desktop computers and software to the latest tablets, and consulting services.
“We’re always looking for innovative ways to help Canadian entrepreneurs improve the productivity and competitiveness of their businesses,” added Bergeron. “Canadian companies consistently lag behind their competitors and much of this problem can be attributed to insufficient investment in technology. We simply must do more to encourage early adoption of information and communications technology.”