• This guarantee to your financial institution is specifically for new operating lines of credit or new term loans to sustain operations in response to COVID-19.
• The size of your loan or line of credit is determined by your financial institution.
• EDC provides a guarantee to your financial institution for the majority of the money you borrow, encouraging them to increase your company's access to credit.
• Our goal is to work with your financial institution to ensure you have better cash flow so you can cover rent, payroll and other business operating costs.
• EDC fees related to this guarantee may be deferred for the first six months for smaller credit amounts.
Talk to your financial institution account manager to find out if the EDC BCAP Guarantee is a good fit for your cash flow needs.