Recently the Business Development Bank of Canada (BDC) announced new funding for small businesses, market expansion financing that will "help you finance the expansion of your domestic market or explore new and larger foreign markets".
If your business qualifies, you can get up to $50,000 in long term financing to do things such as participate in trade shows, develop e-commerce, create and implement a marketing plan or even purchase additional inventory. And just to make it even sweeter, BDC can re-advance any repaid portion of the loan starting at a minimum of $10,000.
Now before you start grumbling about how the money is tied to market expansion, consider that more marketing is just what the doctor ordered to fight off lean economic times. When times get tough, you have to fight harder for your market share, and marketing is your best weapon. Continuing to market your business is a crucial piece of your strategy to Recession-Proof Your Business.
So take a closer look at this BDC loan. It might be just the incentive you need to get your marketing jump-started.
Related Marketing Tools
If your business qualifies, you can get up to $50,000 in long term financing to do things such as participate in trade shows, develop e-commerce, create and implement a marketing plan or even purchase additional inventory. And just to make it even sweeter, BDC can re-advance any repaid portion of the loan starting at a minimum of $10,000.
Now before you start grumbling about how the money is tied to market expansion, consider that more marketing is just what the doctor ordered to fight off lean economic times. When times get tough, you have to fight harder for your market share, and marketing is your best weapon. Continuing to market your business is a crucial piece of your strategy to Recession-Proof Your Business.
So take a closer look at this BDC loan. It might be just the incentive you need to get your marketing jump-started.
Related Marketing Tools
- Writing the Marketing Plan
- 7 Online Business Models
- 10 Steps to Successful Exporting
- Trade Show Tips
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