BDC's complementary role provides option for small businesses looking for financing - 93% client satisfaction rate



    MONTREAL, Nov. 14 /CNW Telbec/ - Within the context of the report issued
by the Canadian Federation of Independent Business on SMEs and banking
institutions, BDC believes that access to financing is still a challenge for
some entrepreneurs. BDC also notes that in supporting these SMEs, it is
effectively fulfilling its complementary role in the Canadian financial
services industry.
    "The constant increase in the number of loans we grant to small business
start-ups, exporters and manufacturers, as well as to those who invest in
innovation and strategic intangible assets, is evidence of the gaps that exist
in the market and of the importance of BDC's complementary role for
entrepreneurs looking for flexibility in their financing," explains Edmée
Métivier, BDC Executive Vice-President, Financing & Consulting.

    Start-up, productivity and innovation financing for SMEs

    BDC supports a growing number of small business start-ups. From 2003 to
2007, the number of loans authorized by BDC to businesses at the start-up
stage increased 78% from 809 to 1,438. The number of loan authorizations, for
amounts up to $150,000, to start-ups with no or limited collateral grew 400%,
from 202 to 1,010 authorizations.
    Given the challenges faced by small business manufacturers and exporters
as a result of globalization and the increase in the value of the Canadian
dollar, BDC focuses on these businesses to help them become more productive
and more competitive. From 2003 to 2007, for example, the number of loans
authorized to finance the purchase of new machinery increased 24% from 1,479
to 1,838. In addition, BDC helps SMEs improve their productivity by providing
consulting services to help them set up value-added production processes.
    BDC firmly believes that Canadian SMEs must invest in their strategic
intangible assets in order to innovate and become more competitive. Over the
past five years the number of loans authorized by BDC to support investments
in research and development, process reengineering, employee training and
management training has grown from 549 to 2,426 loans, an increase of 342%.

    Financing that goes beyond the value of security

    BDC's loan terms and conditions are designed to give companies access to
the capital they need to grow, and are not based solely on their ability to
provide security. In addition, repayment terms and conditions are adapted to
the cycle and needs of each business, with longer amortization periods,
seasonal or progressive payment schedules, and the possibility of deferring
principal payments.

    Value-added consulting services

    In addition to the complementary financing solutions it brings to the
marketplace, BDC has a national network of professional business consultants
to help SMEs evaluate, plan and implement customized and effective management
solutions.
    "When they are successful, SMEs make a significant contribution to the
Canadian economy. This is why BDC's sole mandate is to help them prosper. We
have in-depth knowledge of their competitive environment, their changing needs
and the many challenges they have to face. With a customer satisfaction rating
of 93%, BDC is an interesting choice for Canadian SMEs," Métivier concludes.

    About BDC

    BDC is a financial institution wholly owned by the Government of Canada.
BDC actively supports the development and growth of Canadian small and
medium-sized businesses through its complementary financial, investment and
consulting solutions. For more information, visit www.bdc.ca.




For further information:

For further information: Johanne Bissonnette, Manager, Media Relations,
(514) 283-7929, johanne.bissonnette@bdc.ca


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