Times are still tough for Canadian businesses, as they seek financial assistance to face challenges introduced by COVID-19. Export Development Canada is working with financial institutions (FIs) to provide companies with business financing solutions, like the EDC Business Credit Availability Program (BCAP) Guarantee. It gives qualified businesses access to credit to help bridge the gap and build resilience as they move into 2021.

 

Benefits of the EDC BCAP Guarantee

A construction worker holds a plank of wood while standing in a house under construction.
  
  • Manage operational costs during COVID-19
    If you’re looking for financial assistance, whether it’s to manage day-to-day expenses or it’s for new costs related to COVID-19, financing facilitated by the EDC BCAP Guarantee may be the solution to keep your business moving forward. Access our guide to explore ways to boost your capital.

  • Financial institutions can say “yes” more often
    Your trusted FI can facilitate your loan directly, using the EDC BCAP Guarantee to secure most of your new credit. This decreases their loss in the case of your default, giving them the confidence to consider approving your financing.

  • Accessible to exporting and non-exporting businesses
A construction worker holds a plank of wood while standing in a house under construction.

Everyone was caught off-guard by the COVID crisis. The EDC BCAP Guarantee really allowed us to move forward with our plans while giving our bank the confidence it needed to provide us with financing.

Paul Antoniadis  —  Good Natured Products CEO

  

Get our free guide to explore 3 ways to boost your business capital.

This guide examines strategies for increasing your working capital during COVID-19, with expert insights into how to:

• Increase revenues
• Reduce expenses without eroding business performance
• Use debt strategically

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