BDC — Steel and Aluminium Industries Support Program
All of Canada
Government of Canada, Business Development Bank of Canada
Program Contact Details
Email information unavailable
1-877-232-2269
What is this funding for?
Financial support to help manage rising tariffs
Program Description
BDC has been mandated to implement a $1 billion financing program to support companies in the steel and aluminium industries in addressing the impacts of tariffs, particularly with respect to liquidity and their ability to maintain operations.
Companies can obtain $1 to $50 million in financing to provide temporary liquidity support. The objective is to give otherwise sound businesses the breathing room needed to navigate this period, protect jobs, maintain operations and adapt.
Loans are intended to fund operational cash-flow needs (working capital), including regularly scheduled monthly debt or lease payments. The intent is to provide liquidity to continue operations while companies work through the tariff-driven disruption.
Steps to Apply
1. Review eligibility criteria
2. Prepare required documents, including three years of financial statements and an organizational chart
3. Submit a loan request online
4. Discuss your project with a BDC representative
5. Provide additional documentation as requested
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