SO i was about to get my application sent to BDC for financing and was told as of last with immediate effect the BDC guarantee no longer exists , i was like wtf....... after i paid so much money to do business plans n statements they pull out.
where else can i go for financing besides Nedco and sherons lol
BDC is going to become a new entity called ExporTT. They mandate would be almost solely export facilitation and the would divest the non export related activities like the leasing, loan guarantees etc.
The government moving away from loans and such as it is proving to be very risky biz. Lots of clients fail to repay cause of failed ideas.
Moving more towards making each client go through a full 6 month biz and entrepreneur training course an then once you pass the training an prepare your own biz plan in the class an present a good elevator pitch they will give u a loan.
