Fuel your international growth

Trade Expansion Lending Program

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About the Trade Expansion Lending Program

Export Development Canada (EDC) exists to help Canadian businesses succeed on the world stage. We work within the banking ecosystem to share the risk related to the Canadian companies' international business growth.

The Trade Expansion Lending Program (TELP) is a working capital guarantee designed to help you maximize the working capital you can access through your financial institution. TELP is an EDC working capital guarantee that is delivered by approved financial institutions. This makes it simpler to apply and faster to process, helping you access funding faster.

The EDC TELP advantage

a business woman and man are shaking hands

Sometimes your business needs to make a bold move to grow and compete. But when your growth plans are bigger than your past financial performance or limited by your balance sheet, it may be challenging for your financial institution account manager to offer you the credit conditions you need.

With an EDC guarantee (such as TELP) in place, some of your financial institution’s risk is shared with EDC, allowing them to increase your access to working capital and enabling you to:

fund your operations
take on new contracts
expand production capacity with a CapEx loan
and pursue other opportunities to grow your business internationally.

EDC collaborates with most Canadian financial institutions. You should talk to your financial institution to determine if TELP, or another EDC solution, is a good fit for your financing needs. If your lender doesn’t offer TELP, they can still work with EDC to find additional ways to support your growth.

Learn more about how EDC can help

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