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I.T. Funding is Available for Small Business

Have you been considering whether 2012 is the year to update your computer technology but don’t have the funds for in your budget?  Do you need assitance with an  I.T. Strategy plan?  Perhaps this is the year….

Now more than ever, small businesses in Canada need to keep a pulse on ever-developing technologies to keep current, and competitive.  That can be a daunting task.  Hiring I.T. consultants may have been outside the scope of your budget but not anymore.

The Business Developement Bank of Canada (BDC) is helping small business keeping current with emerging technogolies by offering  their new Small Business Financing Program for ICT expenditures by means of a short-term $50K loan with a 4-year repayment period at an interest rate of primte + 1% (currently 6%).  Even costs associated with training on new software, could be covered by other Government funded grants such as IRAP.

The first step is to apply.  The full article by Bernadeen McLean of Mentor Works Ltd can be found here:
Low Interest Loans for ICT Purchases – Business Development Bank of Canada