BDC announces $300 million in commercial loans to fuel growth of Atlantic Canada businesses

New financing builds on 2017 commitment to lend $280 million to Atlantic entrepreneurs

BDC, Canada’s bank for entrepreneurs, announced today it will make available an additional $300 million in commercial loans over the next two years to support the growth of Atlantic Canada businesses, in an effort to help sustain the region’s continued economic development.

This financing is in addition to the $280-million package that BDC announced in 2017. Since then, BDC’s Atlantic Growth Envelope has supported the growth of about 800 companies, including:

Barry Group (N.L.), one of the largest seafood processing employers in Atlantic Canada, now in its fifth generation as a family business, operating since 1854. BDC has supported Barry Group in its growth.
Bonte Foods (N.B), one of Atlantic Canada’s fastest growing food manufacturing companies. Bonte Foods has benefitted from BDC loans for equipment purchases.
Quidi Vidi Brewing Company (N.L.), an independent brewing company with growing market share and world-classaward-winning products. BDC has supported the company with equipment financing to increase production capacity and expand product lines.

Article obtained from www.bdc.ca