The EDC Business Credit Availability Program Guarantee
Improve your cash flow to cover operating costs during the COVID-19 pandemic
Accord has been helping Canadian businesses overcome challenges for over 40 years. We truly understand that small, medium and larger sized businesses from diverse sectors are vital for Canada’s success. To help Canadian businesses navigate through the effects of COVID-19, Accord Financial is partnering with EDC to provide relief. Through the EDC Business Credit Availability Program (BCAP) Guarantee, EDC shares the risk with Accord Financial, so you can improve your cash flow and cover operational costs, like payroll and rent, during this difficult time.
WHO CAN APPLY
If your business needs greater cash flow to cover operational costs as a result of the COVID-19 pandemic, you may be eligible for an Accord Financial loan under the EDC BCAP Guarantee.
HOW IT WORKS
› Accord can improve your cash flow to cover operational costs through a new operating line of credit or new term loan that is guaranteed by EDC through the EDC BCAP Guarantee.
› The EDC guarantee of 1,8% are deferred for the first six months.
HOW TO APPLY
› Talk to one of Accord’s representative or account manager to find out if the EDC BCAP Guarantee is a good fit for your cash flow needs and how to apply.
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need—the trade knowledge, financing solutions, equity, insurance, and connections—to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, EDC will support both exporting and non-exporting companies until the end of 2021.
With a broad range of solutions, Accord can help no matter what the challenge.