• This program is currently closed.

Amount:

No Fixed Amount

Type of Program:

Loan


Description:

EDC (Export Development Canada) and BDC are collaborating to support business growth through the EDC-BDC International Purchase Order financing partnership, which provides businesses with vital capital to maximize opportunities in international markets.

Comments on Funding:

Funding is up to 90% to cover a significant portion of Purchase Order(PO) amount.

Loan terms:

  1. 1
    up to 18 months repayment period;
  2. 2
    applicants can pay the loan back as they can get paid on the fulfillment of their contract with the international buyer.
  3. 3
    loan disbursement to the applicant so he can pay suppliers directly.

When It Ends:

Ongoing

Deadline:

December 31, 2021

Eligibility:

Applicants must be Canadian businesses.

Several details determine eligibility: 

  • the applicant's customer’s credit rating,
  • transaction details,
  • other determining factors.

Applications Steps:

1

 talk to their EDC or BDC account manager to see if this is the best option for them. If they don't have an existing contact, they should call 1-800-229-0575.

2

assess their needs with the account manager to identify if this solution is best suited to their business. If the applicants qualify, the loan will be structured as a “pay as paid” model and will match their purchase order terms for a period of up to 18 months.

Other Things to Note:

Program checked on December 29, 2021: EDC-BDC Purchase Order Financing is ending Dec. 31, 2021.

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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