Export Guarantee Program

Overview of the Export Guarantee Program program:

The Export Development Canada (EDC) Export Guarantee Program (EGP) is designed to help Canadian companies access additional working capital to support their export activities. By providing a guarantee to your financial institution, EDC shares the risk, enabling you to secure the financing needed to cover various costs associated with international sales and operations.

Benefits of the Export Guarantee Program program:

• Increased Financing: Gain access to more working capital by allowing your bank to lend additional funds with EDC covering up to 75% of the loan amount.
• Flexibility: Use the guaranteed funds for a variety of purposes, including expanding production, fulfilling international contracts, and covering operational expenses.
• Reduced Risk: EDCs involvement reduces the financial risk for both the lender and the borrower, making it easier to secure financing.

Eligibility criteria of the Export Guarantee Program program:

• Canadian Businesses: The program is open to Canadian companies involved in exporting goods or services.
• Financial Viability: Your business must demonstrate financial stability and the capacity to repay the loan.
• Bank Partnership: You must have an established relationship with a financial institution that is willing to work with EDC under this program.