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.
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.
Up to $40K for small businesses with no interest until 2023 and 25% forgiven if paid off before 2023. Contact your financial institution to apply.
Get access to credit through your financial institution to cover operating costs. Contact your financial institution to apply.
Up to $12.5 million for operational cash flow requirements. Contact your financial institution to apply.
Up to $100K for small businesses with 24 months of revenue or more and good credit history.
Up to $2 million with flexible repayment terms and no study fees.
COVID-19 business questions? EDC’s Export Help Hub can help your business get through this pandemic.
The Government of Canada has many programs in place to help your business through this crisis.
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. Changes may include:
Please reach out if you have any questions.
To see other products and services aimed at helping Canadian businesses during COVID-19, go here.
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.
Insure sales and protect your business from non-payment risk.
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.
Weekly Commentary October 22, 2020 Improvement is expected to continue, but the recent rise in second-wave infections is expected to slow the progress.
Webinar Get advice from CEOs on how your company can manage risk and stay resilient as you navigate the new normal.
Article October 20, 2020 Maker of compostable takeout containers turns to EDC to help meet demand during COVID-19.
Report October 16, 2020 The Canadian Economic Recovery Tracker, a new Export Development report, highlights key trends in Canada’s economic performance to provide greater visibility on the recovery from COVID-19.
Weekly Commentary October 15, 2020 As the economy restarts, is it all about demand, or is there more?
Blog October 14, 2020 Farm Credit Canada’s Craig Klemmer highlights key opportunities for agriculture during COVID-19