Business on Camera (BOC) has qualified for the Business Development BDC’s zero-interest financing in the wake of being funded by the Canadian Digital Adoption Plan (CDAP).
“Interest free money is excellent – that’s a first for BOC. We’re going to use this financing to execute the digital adoption plan that we’ve created,” stated BOC CEO Matt Keay.
BDC is a registered service provider within the Digital Advisors Marketplace. If a business qualifies for the Boost Your Business Technology stream (when a company demonstrates a minimum of $500K in revenues either in year 2020, 2019 or 2018), it gains access to a tailored selection of service providers available on the Digital Advisors Marketplace.
Under CDAP, a business can access a zero-interest loan that ranges up to $100,000, with a 5-year term and an initial 12-month capital postponement, totaling 6 years of flexibility.
These grants will assist BOC’s business to expand in many aspects, such as business operations management, customer experience, and onboarding new software tools.
Keay has stated that this loan, coupled with the CDAP grant, provides the company a comprehensive roadmap for its future, and that BOC is looking forward to expanding their profile and presence in the market.
To learn more about the CDAP program and the BDC loan, click here.