Amount:

No Fixed Amount

Type of Program:

Loan Guarantee


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.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • Export goods,
  • Have a good credit risk rating.

Several details determine eligibility: the customer’s credit rating, transaction details and other determining factors. 

Applications Steps:

1

The applicant must provide the export contract and credit information on the foreign buyer and EDC completes the credit review and approval process.

2

Once the review is approved, EDC issues a loan agreement to the buyer and alerts the applicant / exporter.

3

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.

Documentation Needed:

The applicant must provide EDC with:

  1. 1
    the export contract. and 
  2. 2
    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:

Buyer Financing

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.

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