COVID-19: Relief for your business

COVID-19: Relief for your businessCOVID-19: Relief for your business.

We are committed to supporting you through this pandemic with expert knowledge and financial services.

We are committed to supporting you through this pandemic with expert knowledge and financial services.

Export Development Canada (EDC) is working with our federal partners and Canadian financial institutions to bring COVID-19 relief and support to Canadian businesses through the government’s new Business Credit Availability Program (BCAP).

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 during the COVID-19 pandemic.

(0) Multiple option.

Results.

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.

Results.

Canada Emergency Business Account (CEBA)

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.

EDC BCAP Guarantee.

Up to $6.25 million in credit through your financial institution to cover operating costs. Contact your financial institution to apply.

BDC Co-Lending Program.

Up to $12.5 million for operational cash flow requirements. Contact your financial institution to apply.

BDC Small Business Loan.

Up to $100K for small businesses with 24 months of revenue or more and good credit history.

BDC COVID-19 Working Capital loans.

Up to $2 million with flexible repayment terms and no study fees.

Export Help Hub.

COVID-19 business questions? EDC’s Export Help Hub can help your business get through this pandemic.

Canada’s COVID-19 business resources.

The Government of Canada has many programs in place to help your business through this crisis.

Loading.

We are here to support you.

Canadian business owners are facing critical challenges in 2020. We are committed to helping you find a way through with expert advice, insurance and financial support.

Working with partners.

We are collaborating with the Government of Canada and financial institutions across the country to bring much-needed relief to Canadian businesses.

We don’t just help exporters.

EDC’s mandate has expanded. Our financial services are now available to all qualified Canadian business owners until the end of 2021.

Introducing the EDC Business Credit Availability Program (BCAP) Guarantee.

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.

Find the right financial solution for your business.

All the solutions listed here have been adjusted to reflect the current needs of Canadian businesses. Depending on the product, changes may include: deferred payment, an increase in the amount available, faster approval processes and other modifications.

Leave a Reply

Your email address will not be published. Required fields are marked *