Business Development Bank of Canada

The Business Development Bank of Canada (BDC) is a Crown corporation wholly owned by the Government of Canada, serving as the country's only development bank. Established in 1944, its core mission is to support Canadian entrepreneurs by providing financing, capital, and advisory services, with a primary focus on small and medium-sized enterprises (SMEs). BDC's purpose is to empower Canadian businesses to build strong and resilient operations, contributing to a more prosperous, competitive, and inclusive Canada. Its corporate headquarters are located in Montreal, Quebec.

BDC offers a comprehensive suite of financial products and services, including business loans, growth and transition capital, and venture capital through its subsidiary, BDC Capital. Beyond financing, it provides expert advisory services to help entrepreneurs navigate challenges and improve business performance. The bank also offers specialized support programs tailored for specific market segments, such as Black, Indigenous, and women entrepreneurs, ensuring broad access to its resources across Canada.

Under the leadership of President and CEO Isabelle Hudon and Chairperson of the Board Brian O'Neil, BDC continues to play a pivotal role in the Canadian economy. In April 2026, BDC launched the $500-million LIFT initiative, a new loan program designed to help 1,000 SMEs adopt artificial intelligence (AI) through financing and consulting. Additionally, it introduced a $150-million Life Sciences Venture Fund to foster innovation. BDC operates as a financially self-sustaining entity, having been profitable since 1998 and remitting dividends to its sole shareholder, the Government of Canada.