No Fixed Amount
Type of Program:
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.
- 1up to 18 months repayment period;
- 2applicants can pay the loan back as they can get paid on the fulfillment of their contract with the international buyer.
- 3loan disbursement to the applicant so he can pay suppliers directly.
When It Ends:
December 31, 2021
Applicants must be Canadian businesses.
Several details determine eligibility:
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.
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.