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Guaranteed loans for small
businesses and entrepreneurs

The Business Accelerator Loan Program supports rapid growth for small businesses and entrepreneurs by providing access to working capital. With a loan guaranteed up to 100% by BDC, get the funds you need to manage your cash flow, support your day-to-day operations, and grow your business.

We encourage all small businesses to apply, including entrepreneurs in diverse groups, such as: Indigenous peoples, women entrepreneurs, newcomers to Canada, minorities, and people with disabilities.


 
      


The benefits of an Accelerator Loan

Financing for working capital between $25,000 and $500,000 at a competitive, variable interest rate.1
A loan from Lakeland Credit Union, supported by a guarantee from BDC (up to 100%).2
Amortization period of up to 6 years, with principal paid in equal monthly payments.


Are you eligible?

To apply for the Business Accelerator Loan Program with Lakeland Credit Union, your business must meet these criteria.

Location: Based in Alberta

Business history: In operation at least 12 months

Profitability: Annual revenues under $10 million

Loan amount: Asking for a loan between $25,000 and $500,000.

Loan purpose: You are using the loan for operational cash flow needs, not to repay other loans.

Banking: You conduct your day-to-day business banking with Lakeland Credit Union.

Accelerator Loan Fees
In addition to interest costs, the Accelerator loan program includes two fees that go directly to the BDC.

  • A one-time, 1% application fee.
  • A 2% annual guarantee fee (paid from the interest rate charged on the Accelerator loan).

Questions about fees? Ask a LCU advisor.

*Loans are approved and issued by Lakeland Credit Union, supported by a guarantee from BDC.

1BDC Accelerator loan is a non-revolving loan with a competitive variable interest rate. Rates vary for each borrower. We consider criteria such as your credit score, business plan, personal investment, and financial health before setting an interest rate. Please get in touch with a business advisor for more details.

2Subject to Lakeland Credit Union lending policies and criteria. Personal guarantee(s), security and additional documentation may be required. Other conditions may apply. Subject to the terms and conditions of your credit agreement.

About BDC
As Canada’s development bank, BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. The investment arm, BDC Capital, offers a wide range of venture capital solutions to help grow the country’s most innovative firms. For more information, visit the BDC site.

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