EDC Business Credit Availability Program (BCAP) Guarantee

Up to $6.25 million to help cover operating costs during a period where revenues have been temporarily reduced due to the COVID-19 pandemic.

IS THIS THE RIGHT FINANCING FOR MY BUSINESS?

For Canadian small and medium-sized businesses

To cover payroll and operating costs caused by the current economic situation

Flexible terms

Repay over 5 years and benefit from 6 months principal payment postponement.

Guaranteed loans

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

Is my business eligible?

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

HOW DO I APPLY?

Contact your primary financial institution to apply

Looking for a different financing solution for your business? See how BDC can help

Frequently asked questions

Here are some answers to questions you may have on the Canada Emergency Business Account.

Why can’t I apply for EDC’s BCAP Guarantee program with BDC?

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).

Which other relief program can help my business?

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.