BDC earmarks $500 mln for small businesses hit by lower oil prices
The Business Development Bank of Canada (BDC) has earmarked $500 million in additional financing for Canadian small and medium-sized businesses impacted by the decline in oil prices. It will also offer advisory services to enterprises that are looking to adjust operations in response to the economic downturn. BDC said the focus of its strategy will be to help companies with projects aimed at diversifying their business, increasing operational and environmental efficiency, improving financial management, and purchasing new technology and equipment.
17 November 2015•2 mins read
