The value of the guarantee can vary depending on the type and size of the loan:
• EDC’s total exposure under one or multiple guarantees in support of your business can’t exceed US$10 million.
• Fees are determined based on your credit rating, duration of coverage and the amount of financing needed.
• From now until September 2020, EGP fees will be deferred six months to provide short-term relief to your business.*
If your business needs access to working capital to cover payroll or operational costs during the COVID-19 pandemic, you may be eligible for the EDC BCAP Guarantee.
*This adjustment has been made to support businesses facing challenges as a result of the COVID-19 pandemic.