Security Compliance Loan

rExport Development Canada (EDC) has developed a Security Compliance Loan to help Canadian companies finance the upgrades required to meet Customs-Trade Parnership against Terrorism (C-TPAT) security standards. Security enhancements to property, personnel and procedures may be required in order for exporters to become Customs-Trade Parnership against Terrorism (C-TPAT) compliant.

Eligibility Criteria

Any Canadian company with at least three-years operating history can inquire about this loan, and must agree to work with an EDC approved advisory service to conduct a security gap analysis required as part of the loan application.

Summary

Cost:

The loan (up to $150 000) can be used to cover up to 85 % of your security-upgrade costs. A full $5 000 can be used for the security gap analysis. Generally, loans are repayable within three years.

Impact for Canadian Exporters:

Although C-TPAT is a voluntary program, some business opportunities in the U.S. are being restricted to those with a C-TPAT certification. Some of the benefits of being C-TPAT compliant are: 

• reductions in border inspections;
• reductions in border clearance times allowing for predictable transit times and transportation costs;
• priority movement across the border even during a red alert;
• reduced compliance costs with customs requirements;
• access to the FAST lanes at the Canadian/US border;
• improved security in the work place;
• reductions in cargo theft.
   

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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