The program eligibility is only one step in the process of making the loan request.
Your business may be declined for multiple reasons. For example, it may not have met BDC’s creditworthiness criteria (ex: credit history, etc.).
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. As the CDAP zero-interest loan is part of a standard loan application, standard banking practices apply. A declined loan request is reflected in your credit score. This is part of the consent you provide when applying for the loan.