Budget Highlights! Support For The Financing Of Vehicles And Equipment In Canada

The Government of Canada is therefore creating the Vehicle and Equipment Financing Partnership as part of BCAP. This program will be funded and managed by BDC, with an initial allocation of $500 million in funding, in partnership with experienced lenders and investors in the private market for asset-based financing. The partnership will expand financing options for small and medium-sized financing and leasing companies, increasing the availability of credit at market rates for dealers and users of vehicles and equipment. For more information on the Budget 2010 Department of Finance website, see Tax Measures: Extending Access to the Financing Needed to Support the Recovery. Moreover, further details on this program will be expected to announce in the upcoming few weeks.