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"The health of the Canadian economy depends greatly on the vitality of Canadian businesses, which often need credit to finance their growth," said Minister Clement. "The Operating Line of Credit Guarantee will allow BDC to work with financial institutions to make it easier for Canadian businesses with strong balance sheets and business fundamentals to access the credit they need to get even stronger. The funding for venture capital will assist growth-oriented firms to get the funds they need to innovate and boost the Canadian economy."

The Operating Line of Credit Guarantee will be delivered under the Business Credit Availability Program as part of the government's Extraordinary Financing Framework announced in Canada's Economic Action Plan, and it will improve access to financing for Canadian businesses during this period of economic uncertainty.
Government of Canada Announces $450 Million in New Funding for BDC to Assist Canadian Businesses, Press Release