BDC Steel, Aluminum and Copper Industries Support Program
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Eligibility & Details
What this program funds and who can apply
Program Description
Provides working capital loans of $2M to $50M at preferential interest rates to Canadian manufacturers and exporters of products containing steel, aluminum, or copper that have been materially impacted by U.S. tariffs. Announced May 4, 2026 as part of a $1B BDC lending envelope, the program is designed to relieve immediate cash flow pressure for businesses that were viable before tariffs were implemented.
Eligibility Requirements
- Canadian-based business (operating in Canada)
- Manufactures and exports products made of, or mostly made of, steel, aluminum, copper, or fabricated products from these metals
- Minimum annual revenue of $5,000,000
- Minimum 3 years in operation
- Must export to the United States
- Must demonstrate material negative impact on operations from U.S. tariffs on steel, aluminum, or copper
- Must have been commercially viable prior to implementation of U.S. tariff measures
- Working capital required for operational purposes including regularly scheduled debt or lease payments
Quick Assessment
Funding Details
- Amount
- $1,000,000 – $50,000,000 per business (up to 36-month term at preferential rates)
- Type
- Loan
- Level
- Federal
- Deadline
- Ongoing
Program Scorecard
Competition, effort, and approval at a glance
Everything you need to secure BDC Steel, Aluminum and Copper Industries ...
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 6 rejection pitfalls reviewers flag — so you catch them first
- 6-document checklist with what each reviewer is actually checking
- 6-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 4-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what lenders look for
How to qualify
Insider tips, common pitfalls, and what successful applicants look like
Insider TipBDC is acting as a lifeline, not a cure-all — this loan buys time while businesses adapt.
Rejection Pitfalls 6
- Annual revenue below $5M minimum
Success Profile
Evaluation Criteria
Application Playbook
Step-by-step process, required documents, and expenses
Application Steps
Required Documents 6
Eligible Expenses 6
Ineligible Expenses 4
Deadline Notes
Ineligible Organizations
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
Compatible Programs
Clawback Risk
Not-applicable RiskHow BDC Steel, Aluminum and Copper Industries ... Compares
Side-by-side with similar programs
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| BDC Steel, Aluminum and Copper Indust... | $1,000,000 – $50,000,000 | Moderate | Loan | Ongoing |
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Frequently Asked Questions
Quick answers to the questions founders most often ask about BDC Steel, Aluminum and Copper Industries ...