MONTREAL - Women entrepreneurs are the target of a new funding program. The Business Development Bank of Canada (BDC) has created a $25 million fund for women-led companies in the manufacturing and technologies industries.

The fund will work as subordinate financing, which is described as a mix of debt and equity financing. The business owner will be expected to pay the loan back, however, repayment will be based on cash flow rather than depreciating company assets.

The loan can be used for:

• Acquisitions
• Management buy-outs
• Expansion or commercialization
• Intangible asset financing
• Working capital

To qualify the entrepreneur must be able to demonstrate that her company is profitable with committed shareholders, and that there are good financial controls and reporting.

The BDC also intends to use the fund as a way for women led-companies to gain access to venture capital and angel investing.

More information can be found online at www.bdc.ca.

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