Government Relief Program - EDC Business Credit Availability Program (BCAP) Guarantee:

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by Afsaneh Zahedikia February 24, 2021

Government Relief Program - EDC Business Credit Availability Program (BCAP) Guarantee:

Government Relief Program - EDC Business Credit Availability Program (BCAP) Guarantee:

Export Development Canada (EDC) partnered with financial institutions to help Canadian companies of all sizes, sectors and regions, whether they sell internationally or within Canada, to address the financial impacts of COVID-19. If you are a qualified applicant, you can quickly improve your cash flow through your bank or credit union to help manage day-to-day expenses like buying inventory and paying your suppliers, or for new costs your business bears due to COVID-19. This guarantee is for new operating lines of credit or new term loans to support the cash flow needs.

Export Development Canada (EDC) partnered with financial institutions to help Canadian companies of all sizes,

Eligibility Criteria:

Eligibility Criteria:

• Your business does not need to have export sales to qualify for this program.

• Eligibility for the EDC BCAP Guarantee is subject to additional requirements through approved financial institutions.

• Proceeds from your loan must be used to finance business operating costs and cannot be used to repay or refinance existing debt.

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Afsaneh Zahedikia
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