Zero-interest loan of up to $100,000 with a 5-year term (+ 12 months capital postponement (total of 6 years)). CDAP is a four-year program, so you can apply for the program until 2026.

The amount of the loan is determined by the size of your business. If your annual gross 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 CDAP Boost Your Business Technology stream .

There are no fees for the application.

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

You can create your digital adoption plan, receive the grant that covers up to 90% of advisory services and then decide against the zero-interest loan. Participating in the digital plan portion of CDAP does not oblige you to apply for a loan. If you move forward to implement your plan, you can also source the required funds from your own cash flow or from your regular financial institutions.