🏠 | Insurance | EDC Surety bonds

EDC Surety bonds

Amount:

No fixed amount

Type:

Insurance

Description:

EDC provides access to contract or performance bonds with surety bonds.
Encourage your surety company to provide you with the bonding capacity you need to grow your business. We can reinsure them against losses if a customer demands payment against your surety bond.

Comments on Funding:

We share risk with a surety company in the case of your inability to deliver on your:

contractual obligations
financial obligations
regulatory obligations

Deadline:

Continuous Intake

Eligibility:

Applicants must be

Applicants must be active exporters. Eligibility is determined by EDC based on:
1. the managerial, technical and financial capabilities of your company
2. review of the bond
3. contract terms
4. conditions and economic outlook in your customer’s country, and the customer’s profile

Application Steps:

Applicants must contact EDC on weekdays between 9 a.m. and 5 p.m. ET: 1-800-229-0575

Or send a question using the contact us form.

Documentation Needed:

No specific documentation has been identified

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.