The Business Development Bank of Canada (BDC) (French: Banque de Développement du Canada) is a federal Crown corporation wholly owned by the Government of Canada. Its mandate is to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises. The bank was founded in 1944 and its corporate headquarters is located in Montreal. BDC has more than 112 business centres across Canada and more than 42,000 clients. BDCs debt obligations, secured by the Government of Canada, are issued to public and private sector institutions.