COVID-19 business relief
COVID-19 business relief
BCAP solutions are designed to help you access cash flow, manage risk and build resilience.
BCAP business solutions help you access cash flow and manage risk.
EDC COVID-19 Assistance Tool
By answering a few questions about your needs and your company, EDC can help you identify the programs and services that will serve you best as you face challenges brought on by COVID-19.
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Introducing the EDC Business Credit Availability Program (BCAP) Guarantee
The EDC BCAP Guarantee helps companies that sell internationally or within Canada to address cash flow challenges caused by the COVID-19 pandemic. Qualified businesses can access up to $6.25 million in credit through their financial institution to cover rent, payroll and other operating costs caused by the current crisis. Please note: this new solution may not be available through your financial institution until a later date.
Looking for financial support for your business? Find the right EDC solution here.
All solutions listed here have been adjusted to reflect businesses’ current needs. Changes may include:
- deferred payments;
- increased access to funds; and
- faster approval processes.
Please reach out if you have any questions.
To see other products and services aimed at helping Canadian businesses during COVID-19, go here.
EDC Business Credit Availability Program (BCAP) Guarantee
As you refine your business model in the second half of 2020, the EDC BCAP Guarantee will provide your financial institution the peace of mind that they need to give you access to credit.
Export Guarantee Program
EDC can offer your financial institution a guarantee of repayment on the money you borrow, making it easier for you to access working capital.
Foreign Exchange Facility Guarantee
Lock in exchange rates to protect yourself against foreign exchange risk—without locking up your capital as collateral.
Account Performance Security Guarantee
Get the benefit of pre-approval and a predictable rate for your guarantees, making it easier to pursue business.
EDC Advance Payment Insurance (CapEx)
Insure the advance payments you make on capital or quasi-capital goods and protect your business.
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Are you new to EDC?
Call us at 1-800-229-0575 or tell us how we can help here.
Are you an existing customer?
Contact your EDC account manager about any additional support you require. For assistance with insurance products and online portals call 1-866-716-7201 or contact us by email at support@edc.ca.
More information on COVID-19
Tracking Canada’s economic recovery from COVID-19
Report September 17, 2020 The Canadian Economic Recovery Tracker, a new biweekly EDC report, highlights key trends in Canada’s economic performance to provide greater visibility on the recovery from COVID-19.
COVID-19: Debt drama
Weekly Commentary September 17, 2020 In 2020, we’ve seen the steepest year-over-year rise in public debt-to-GDP ratios in recent history.
Country Risk Quarterly—Autumn 2020
Guide September 15, 2020 In these uncertain times, EDC is keeping a close eye on how COVID-19 is impacting Canada and the global economy. Stay on top of changing country risks, so you can make more informed decisions.
How a Calgary company used EDC to help it make a COVID-19 pivot
Article September 11, 2020 Traditionally, Fluid mainly specialized in producing environmentally responsible, advanced chemical systems for a variety of uses within the oil and gas sector. Now they are also producing hand sanitizer.
SaaS companies positioned to thrive with careful measures
Article September 10, 2020 See how COVID-19 impacted the SaaS sector and what indicators show for the future.
What is post-COVID-19 growth going to look like?
Weekly Commentary September 10, 2020 Canadian sectors, like retailing and international trade, look positively V-shaped, and give hope that the rest of the economy might soon follow.