Export Guarantee Program
Export Development Canada (EDC)
Last Verified: 2008-07-16
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The Export Guarantee Program helps to access additional financing to support export-related activities and/or foreign investments.
Eligibility Criteria
Any Canadian company with export-related activities or foreign investments can inquire about this program. To qualify, your financial institution must be willing to establish a credit arrangement with your company and participate in the financing.
Summary
EDC can provide guarantees on loans to:
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finance your work in progress and inventory related to a specific or multiple export contracts;
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finance on-going export-related working capital needs;
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finance the purchase of equipment or other expenses related to export activities;
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provide support to allow Canadian companies looking to expand their business by making business investments outside Canada;
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finance foreign-domiciled inventory. Among other requirements, this type of inventory must consist of finished goods for which the exporter has unencumbered legal title; and
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free up working capital by using the security of your foreign receivables and an EDC guarantee to your bank to increase your operating line of credit.
The coverage available can vary from:
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up to 100% for loans where Canadian companies are making direct investments abroad;
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up to 90% for guaranteed amounts up to and including $500 000;
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up to 75% for guaranteed amounts greater than $500 000 and up to $10 million.
Costs are based on the associated risks, the duration of the contract and the amount of financing required.
Manitoba Contact(s):
Export Development Canada
Suite 2075, Commodity Exchange Tower
360 Main Street
Winnipeg, Manitoba R3C 3Z3
Telephone: 204-975-5090
Fax: 204-975-5094
Web site: http://www.edc.ca/english/index.htm
National Contact(s):
Export Development Canada
151 O'Connor Street
Ottawa, Ontario K1A 1K3
Telephone: 613-598-2500
Fax: 613-237-2690
Toll-free (information): 1-866-283-2957
TTY (hearing impaired): 1-866-574-0451
Web site: http://www.edc.ca/english/8522_contact_us.htm
DISCLAIMER
Information contained in this document is of a general nature only and is not intended to constitute advice for any specific fact situation. Users concerned about the reliability of the information should consult directly with the source, or seek legal counsel.
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