Laurentian Bank of Canada entered into a partnership with the Business Development Bank of Canada (BDC), to help manufacturers find more flexing equipment finance options.
BDC has more than 100 business centers and over 32,000 clients across Canada. It offers loans, investments and advisory services. BDC’s purpose is to support Canadian entrepreneurship with a focus on small and medium-sized businesses.
Laurentian Bank of Canada serves one and a half million clients throughout Canada. The bank has more than $39 billion in balance sheet assets and $43 billion in assets under administration.
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One Reply to “Laurentian’s Equipment Finance Division partners with BDC”
Why is the crown corporation, BDC , playing such an active role in the Canadian equipment finance and lease industry? I seem to compete with the BDC on most transactions. The BDC was started with a mandate to provide financing to businesses who could not raise the financing in the private sector. Clearly BDC is operating in a very aggressive directly competing fashion against private sector equipment lease and finance companies and as a government agency can offer more flexible terms. This needs to be stopped or at least curtailed.