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.
Please reach out if you have any questions.
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.
EDC-BDC Purchase Order Financing
Get financing to cover up to 90% of the purchase order amount.
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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
Canada’s services trade hit hard by pandemic
Report March 05, 2021 Our services exports plunged $25 billion in 2020, an unprecedented decline for the sector
Canada’s climb out of the COVID-19 chasm
Weekly Commentary March 04, 2021 What do we make of the Canadian economy’s pandemic progress, and are better times ahead?
How COVID-19 is transforming the retail sector
Report March 03, 2021 With dramatic shifts in consumer spending patterns and shopping habits, the pandemic is driving seismic changes in retail business models and operations. Read this overview on the pandemic impacts on the retail landscape and how this industry may adapt to a new normal.
Invixium: The new face (recognition) of health and safety
Article March 02, 2021 Canadian biometric company Invixium makes innovative business pivot to keep growing during pandemic
Country Risk Quarterly—Winter 2021
Guide February 25, 2021 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.
COVID-19 impacts vary across countries
Weekly Commentary February 25, 2021 One-third of emerging markets face pandemic fallout, collapse in oil prices.