148 Fullarton Street , Suite 1000
London, ON
N6A 5P3, Canada
888-463-6232
London, ON
N6A 5P3, Canada
888-463-6232
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About BDC - Business Development Bank of Canada:
BDC is the only bank devoted exclusively to entrepreneurs. Our business centre’s mission is to help create and develop strong businesses in London through business loans, advisory services and indirect financing.Hours
Monday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosedSundayClosedFollow us on:
BDC - BUSINESS DEVELOPMENT BANK OF CANADA CUSTOMER REVIEWS
out of 5 stars, based on 1 rating. 1 user review.Reviewed by 1 customer
By Jesse from WindsorDo not waste your time.Banks are not in the business of providing opportunity for start up business. We were referred to BDC by TD bank to fund a startup business for which we were not told initially that we would require a 25% downpayment prior to getting a loan. Fortunately we had the funds and we were told falsely that our DSR would have little bearing on our acquisition and that funding would be based on our business plan. The BDC was offering an 8% interest rate, incorporated with hidden annual fees and our account executive was a twenty something punk, who we found out was a previous bank teller who somehow landed this position. This individual was very unprofessional looking like he was just heading out for the "I slept in my clothes and am now going to kill my hangover with a Sunday breakfast". The individual upon two occasions mislead our business partnership group to believe there was some hope in obtaining funding and after two meetings and divulging all of our personal and professional trade secrets, funding was not available. Thankfully we were able to establish a privately funded deal with our sellers to give our start up a much needed kick start. This private funding deal, I would highly recommend, no bank is in the business of loaning money and taking a risk on a startup as they have no interest in its growth as they would make little money but would simply be guaranteed their principal back. They are more willing to fund an established business for projects for eg. so if you are a start up, please refer to this subject line with regards to the BDC. Don't waste your time.No, I would NOT recommend this business to a friend -
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Products and Services
Financing, Business Loans, Advisory Services, Consulting Services, Venture Capital, Growth & Transition Capital, SecuritizationLanguages
English, French
Popular CONSUMER SEARCHES:
Restaurants,
Kitchen Cabinets,
Mobile Homes,
Insurance,
Lighting,
General Contractors
Popular BUSINESS SEARCHES:
Plastic Bottles,
Glass Containers,
Farm Machinery,
Steel Pipe,
Mining Machinery,
Paper Mills
