EDC is working with our federal partners and financial institutions to bring financial relief and support to Canadian companies through the Business Credit Availability Program (BCAP). We’re proud to assist businesses—both exporting and non-exporting—with expertise, insurance, and improved cash flow. Many of our solutions have been adjusted to meet today’s needs, including deferred fees, increased risk tolerance and faster approvals.

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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Thank you for sharing some information about your company with us. Below is a list of solutions and services that might fit your needs right now. 

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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.
 

 

EDC Credit Insurance

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


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.
 

   

Download now: Build business resilience with our practical cash flow guide

Accessing and managing cash flow is one of the biggest challenges businesses face as they adjust to the “new normal.” This guide gives you straightforward advice, with tips and tools to improve your company’s cash flow and take your next steps to move your business forward in this changed economy.

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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.

 

Important note: Our office buildings are closed, but we’re working remotely to continue to help Canadian businesses. Because of these uncertain times, we’re experiencing a high volume of calls, which can result in longer-than-normal wait times. We thank you for your understanding. Please be assured that we’re committed to supporting you despite these delays.