** THIS PROGRAM IS NO LONGER AVAILABLE **

The Operating Line of Credit Guarantee™ is available to help financial institutions provide their creditworthy clients with the financing they need to remain competitive and continue to grow in challenging economic times.

Aimed at operating lines of credit with authorized limits between $400,000 and $40,000,000
This solution enables participating financial institutions to increase a client's operating Line of Credit (LOC) or in some cases maintain it, by guaranteeing 80% of the incremental portion of the operating LOC.

How to obtain an Operating Line of Credit Guarantee™
If you and your financial institution agree that an Operating Line of Credit Guarantee^TM can be a solution to relieve temporay pressure on your cash flow management, your financial institution must contact BDC to make the request.

To be eligible, your business must be commercially viable, have an operating LOC secured by short-term assets (i.e. accounts receivable, inventory) and meet eligibility criteria.

Your financial institution is responsible for assessing your business eligibility criteria.

Guarantee terms and conditions

• The guarantee is valid for a period of 12 months and can be renewed annually.
• BDC provides the guarantee to your financial institution. No security is required from you directly in favour of BDC.

Benefits for your business

Simplified process: Your financial institution takes the necessary steps to apply for the guarantee and remains responsible for the day-to-day administration of your account.

You can also count on a quick turnaround from BDC once the application is received from your financial institution.

Continued access to financing: Your business can keep moving forward with its day-to-day operations and projects by maintaining access to sufficient working capital.