Looking for different financing options? See all COVID-19 programs
To cover payroll and operating costs caused by the current economic situation
Repay over 5 years and benefit from 6 months principal payment postponement.
EDC will guarantee 80% of your new operating line of credit or new term loan.
For more details on EDC’s BCAP Guarantee, visit EDC’s website
Below are some of the eligibility criteria
Your business is Canadian-based and in operation as of March 1, 2020
Your business was directly or indirectly impacted by COVID‐19
Your business must have been financially stable and viable prior to the current economic turmoil
Subject to each financial institution’s underwriting criteria
Visit EDC’s website to find out if you are eligible
Looking for a different financing solution for your business?
See how BDC can help
Here are some answers to questions you may have on the Canada Emergency Business Account.
This program is put in place by the Government of Canada and has been implemented by eligible financial institutions in cooperation with Export Development Canada (EDC).
A number of measures, in addition to access to credit, have been put in place through the Government of Canada’s Economic Response Plan to help you through these trying times. We invite you to consult these pages to find out what measure best fits your needs.