EDC-BDC International Purchase Order financing partnership (2022)
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:
- up to 18 months repayment period;
- applicants can pay the loan back as they can get paid on the fulfillment of their contract with the international buyer.
- loan disbursement to the applicant so he can pay suppliers directly.
Eligibility:
Applicants must be Canadian businesses.
Several details determine eligibility:
Applications Steps:
Other Things to Note:
Program checked on December 29, 2021: EDC-BDC Purchase Order Financing is ending Dec. 31, 2021.
When It Ends:
Ongoing
Deadline:
December 31, 2021