Buyer Financing – Export Development Canada (EDC) (2022)
Description:
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.
Eligibility:
The applicant must:
Several details determine eligibility: the customer’s credit rating, transaction details and other determining factors.
Applications Steps:
Documentation Needed:
The applicant must provide EDC with:
- the export contract. and
- credit information on the applicant’s foreign buyer.
Other Things to Note:
For more details about the EDC Buyer Financing the applicant must contact EDC.
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline