The loan covers items directly related to the digital plan. Some examples are: 

• Acquiring IT equipment 
• Installation of new technologies 
• Updating and/or expanding IT equipment 
• Training staff on onboarded technologies 
• Materials and support services directly related to onboarding the technology 
• Further advisory services on particular aspects of the digital adoption plan 

The first step before applying for the loan is to have a digital adoption plan that is recognized by the CDAP Boost Your Business Technology stream. If you already have a digital adoption plan that was developed through a recognized government digital adoption program, you may be eligible to proceed directly to a loan application without developing a new plan. 

Once your digital adoption plan has been reviewed by CDAP and if you are interested in applying for a loan, ISED will send you an email with a personalized link. 

Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements in order to receive a loan offer. 

You will have 6 months from the time you receive your personalized link from ISED to BDC to complete your loan application. If you’ve completed a digital adoption plan through another recognized program, you have 30 days to apply. If you exceed this timeframe you will be ineligible for the loan.

No. ISED will verify the eligibility of your business for the Boost Your Business Technology stream. This is one step in the process for requesting the zero percent loan under this program. Your Business must also meet BDC creditworthiness requirements to receive a loan offer. 

Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements to receive a loan offer. 

Yes, you may submit applications to CDAP for multiple businesses. Each business will need to operate separately from the other(s) and have its own digital adoption plan. 

No. The loan under this program must be used to implement your digital adoption plan. You must be willing to attest to the use of the funds and please understand that CDAP can audit you on this point. 

The CDAP program offers a maximum of up to $100K (the maximum amount available may vary based on ISED’s eligibility criteria) for the zero percent loan and to be eligible to this loan you must meet BDC’s credit worthiness and eligibility criteria. 

Once ISED validates your digital adoption plan you will receive an email from ISED with a unique, personalized link to a BDC CDAP loan application. 

With this personalized link, you can make an online loan request through bdc.ca. Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements to receive a loan offer. 

Zero-interest loan of up to $100,000 with a 5-year term + 12 months capital postponement (total of 6 years). The amount of the loan is determined by the size of your business. If your business revenues are: 

• between $500,000 and below $5M you can request a loan of between $25,000 and $50,000 
• $5M and more, you can request a loan between $25,000 and $100,000 

The loan must be used solely for the implementation of a digital adoption plan that is recognized by the Boost Your Business Technology stream. 

The program eligibility is only one step in the process of making the loan request. 

Your Business may be declined for multiple reasons. For example, it may not have met BDC’s credit worthiness criteria (ex: credit history, etc.). 

Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements to receive a loan offer. 

• Applicants interested in a BDC zero interest loan must begin their application process using the CDAP website upon receiving a Boost Your Business Technology grant. Applicants will have up to six (6) months upon notification of grant payment to apply for a BDC zero interest loan.   
• Applicants must meet the eligibility requirements as well as financial viability. 
• Once eligibility is validated the applicant will be directed to BDC’s electronic intake system to complete the application process. Applicants should reference information posted on the BDC zero interest loan. 

Note: you can only access this application form via the unique link ISED will provide you. 

For applicants that already have an existing Digital Adoption Plan through an ISED recognized digital adoption program and do not require a Boost Your Business Technology Grant, the program offers a fast-track process to the BDC zero interest loan. 

• Applicants must begin their application process using the CDAP website. 
• Applicants must meet the eligibility requirements as identified in section 1.2 and submit evidence of having obtained a Digital Adoption Plan from a recognized provincial or territorial program within the last 24 months. 
• The list of recognized provincial and territorial programs are identified and may be added to over time. 
• Once eligibility and the existing digital plan is validated, the applicant will be directed to BDC’s electronic intake system to complete the application process. The applicant will have 30 days once eligibility is validated to proceed to BDC to complete the application process for the loan. Applicants should reference information posted on the BDC zero interest loan. 

Only applicants that have received funding confirmation for a Boost Your Business Technology grant or have obtained a Digital Adoption Plan from a recognized provincial or territorial program within the last 24 months are eligible to apply for a subsidized youth placement. Applicants should consult the list of recognized provincial and territorial programs. 

To know the process to submit an application,refer CDAP program guide