BDC supports small and medium-sized businesses in meeting their current operational challenges

MONTREAL, February 10, 2022—Businesses across Canada are facing unprecedented challenges. In December 2021, three out of four SMEs reported feeling the effects of supply chain disruptions, and 55% of SMEs experienced difficulty obtaining finished goods, components, and/or raw materials according to a BDC study.

“Many businesses have reported the pressure of the current challenges of finding staff and managing their supply chain,” says Isabelle Hudon, President and CEO of BDC. “As a development bank, part of our mission is to listen to entrepreneurs and BDC clients, to be flexible according to their needs, and to give them extra support.”

Business owners and BDC clients who require additional financial flexibility to maintain their operations over the coming months are encouraged to contact BDC to explore the solutions best suited to their reality. This includes, for example, new working capital loans specifically tailored to help business owners deal with supply chain challenges and to help businesses in the leisure, hospitality and food service sectors. Entrepreneurs can also count on the support of BDC’s Advisory Services specialists.