In response to the ongoing U.S. tariff volatility, BDC has introduced a $500 million support initiative – offering financing, advisory services, and strategic tools to help Canadian SME businesses.
In light of growing trade uncertainty surrounding U.S. tariffs, the Business Development Bank of Canada (BDC) has launched support initiatives to assist Canadian small and medium-sized enterprises (SMEs) directly impacted by these developments. Financing is available for companies who currently rely on exporting to the U.S. and advisory services are available for companies looking to explore trade outside of the U.S.
BDC’s new support measures are focused on two critical areas: financing and strategic advisory services.
“Pivot to Grow” Initiative $500 Million in Flexible Financing
This program specifically supports businesses that have satisfied the following criteria:
- A minimum of $2 million in annual revenue
- At least 25% of sales derived from the U.S., or demonstrated exposure to U.S. tariff risk
- Positive cash flow and profitability
- Documented adverse effects from U.S. tariff uncertainty
This newly announced financing product will offer qualifying businesses several attractive features:
- Loan amounts up to $2 million
- Interest-only payments for up to 12 months
- Flexible repayment terms up to 72 months (including the initial principal postponement), with no penalties for early repayment
- Preferred interest rates for eligible businesses (BDC’s base rate minus two percent)
Businesses may use the funds to cover operational expenses, restructure their supply chain, or invest in new markets.
BDC is also expanding its advisory services to help business owners in several ways:
- Conduct trade risk assessments
- Optimize financial and operational efficiency
- Identify market diversification strategies
- Develop resilience roadmaps with actionable next steps
BDC’s advisors will work closely with businesses to deliver impartial, data-driven insights—supported by SME surveys, client councils, and ongoing ecosystem collaboration.
Application Process: How to Access BDC Support
Eligible business owners can contact their existing BDC advisor or Steve Joseph, Senior Account Manager. Learn more and apply: BDC’s Tariff Support Page
Strategic Implications for Business Owners
Now is a critical time for Canadian business owners to assess their exposure to U.S. trade uncertainty. This includes reviewing U.S. revenue dependence and supply chain vulnerabilities, developing contingency plans to address potential tariff escalations, and reallocating capital toward initiatives that support market resilience and diversification. Engaging expert guidance early can help prevent trade issues from developing into more serious financial strain. BDC’s support offers more than short-term relief—it presents an opportunity to strengthen operational stability and build long-term competitive advantage in a shifting global trade environment.
Final Note
Now is a critical time for Canadian business owners to assess their exposure to U.S. trade uncertainty. This includes reviewing U.S. revenue dependence and supply chain vulnerabilities, developing contingency plans for potential tariff escalations, and reallocating capital toward initiatives that enhance resilience and diversification. Engaging expert guidance early—whether through BDC’s official support hub or through proactive accounting and tax planning—can help businesses identify risks, preserve cash flow, and adapt their structures to remain competitive. Together, these supports not only address short-term challenges, but also lay the foundation for long-term operational stability, improved financial performance, and sustainable growth in a complex global trade environment.
Contact us today to discuss how proactive tax and accounting services can help your business overcome any challenges it may face now or in the future. Subscribe to our blog and follow us on LinkedIn for additional updates on tax, accounting, and business advisory matters.
