No Fixed Amount
Type of Program:
EDC Buyer Financing helps businesses gain a competitive edge by providing Buyer Financing to their international customer and taking on the risk of non-payment for them. The payment to the applicant/seller is usually triggered by EDC’s receipt of a buyer-approved invoice and EDC holds responsibility for collecting payment from the buyer and administering the loan.
When It Ends:
The applicant must:
Several details determine eligibility: the customer’s credit rating, transaction details and other determining factors.
The applicant must provide the export contract and credit information on the foreign buyer and EDC completes the credit review and approval process.
Once the review is approved, EDC issues a loan agreement to the buyer and alerts the applicant / exporter.
The payment to the applicant is usually triggered by EDC’s receipt of a buyer-approved invoice and EDC holds responsibility for collecting payment from the applicant's buyer and administering the loan.
The applicant must provide EDC with:
- 1the export contract. and
- 2credit information on the applicant's foreign buyer.
Other Things to Note:
For more details about the EDC Buyer Financing the applicant must contact EDC.