Financial support for exporters

The global economy is deep in turbulent waters, with coronavirus disrupting the flow of global trade and international supply chains. Export Development Canada (EDC) is committed to helping Canadian businesses through this with our products and services.

EDC’s capacity to help Canadian entrepreneurs expanded in mid-March with the launch of the $10-billion federal Business Credit Availability Program (BCAP). This program will allow EDC to enhance its financing and insurance programs to ensure that financially viable impacted companies have access to the credit and support they require during the coronavirus pandemic. We are working in concert with the Business Development Bank of Canada (BDC) and private sector lenders to ensure Canadian companies have the support they need during these uncertain times.

Important note: Our business centres are closed, but our teams are still virtually available to help Canadian exporters. Please note that because of the uncertain times we are in, our customer service team and account managers are currently experiencing a high volume of calls, which can mean longer-than-normal wait times. We thank you for your understanding and we want to assure you that we are committed to supporting you despite these delays.


 

I am an EDC customer

Contact your EDC account manager about any additional support your require. For assistance with insurance products and online portals call  1-866-716-7201 or  contact us by email at support@edc.ca.

I am new to EDC

Call us at 

1-800-229-0575

or tell us how we can help here.


 


Not an exporter?

If you only sell your products and services within Canada, our BCAP partner financial institutions are here to help you. We recommend reaching out to the Business Development Bank of Canada as a first step. You can see how they are helping businesses like yours here.  

 


EDC’s products and services that can help Canadian exporters during COVID-19

Since 1944, we have been experts in international trade, and the current global uncertainty has made our job clearer than ever. We have the solutions, flexibility and capacity to help our customers get through difficult times. All the products listed here have been adjusted to be more flexible to reflect the current needs of Canadian businesses.

 

 

EDC Business Credit Availability Program (BCAP) Guarantee

We are partnering with financial institutions across Canada to give you access to the financing you need, by providing a guarantee on your operating line of credit or term loan. This new program helps Canadian companies facing challenges as a result of the COVID-19 crisis, enabling those impacted to pay their employees and cover short-term operating costs.

To learn more about the EDC BCAP Guarantee, contact one of the financial institutions listed below.

 

 

 

 

 

 

Credit Insurance 

Insure your export sales and protect your business from the risk of non-payment.

Export Guarantee Program 

EDC can offer your financial institution a guarantee of repayment and make it easier for you to move forward.            

Foreign Exchange Facility Guarantee  

Avoid posting collateral as payment assurance for your foreign exchange contract provider and keep your cash free for doing business.

Account Performance Security Guarantee 

Get the benefit of pre-approval and a predictable rate for your guarantees, making it easier to pursue business.             
                                       

 

To see our other products and services aimed at helping Canadian export businesses, go here.