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.
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.
All solutions listed here have been adjusted to reflect businesses’ current needs.
Please reach out if you have any questions.
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.
EDC can offer your financial institution a guarantee of repayment on the money you borrow, making it easier for you to access working capital.
Lock in exchange rates to protect yourself against foreign exchange risk—without locking up your capital as collateral.
Get the benefit of pre-approval and a predictable rate for your guarantees, making it easier to pursue business.
Insure the advance payments you make on capital or quasi-capital goods and protect your business.
Get financing to cover up to 90% of the purchase order amount.
Register to unlock access to international insights, webinars, and resources that help you mitigate risk and grow your business.
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Call us at 1-800-229-0575 or tell us how we can help here.
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.
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