IBOS member Royal Bank of Canada (RBC) recently announced the availability of the Government of Canada’s Business Development of Canada (BDC) Co-Lending Program.
The BDC Co-Lending Program provides eligible business clients with a loan of up to $6.25 million CAD, jointly financed by RBC and BDC. The loan is intended to help eligible businesses impacted by COVID-19 with a boost in liquidity to cover critical business expenses such as rent, payroll and utilities to maintain operational continuity.
The program complements several RBC and government-funded relief solutions available for businesses, including CEBA and the EDC BCAP Guarantee.
Read the full press release via RBC here.