Here’s how Buyer Financing works:
1. You provide EDC with the export contract and credit information on your foreign buyer and EDC completes the credit review and approval process.
2. Once the review is approved, EDC issues a loan agreement to your buyer and alerts you, the exporter.
3. The payment to you is usually triggered by EDC’s receipt of a buyer-approved invoice and EDC holds responsibility for collecting payment from your buyer and administering the loan.