EDC BCAP Guarantee is available for all the businesses impacted by Covid-19. Export Development Canada (EDC) provides a guarantee of 80% to the financial institution on the new term loans or line of credits for a total loan of $6.25 million. The size of the loan is determined by your primary bank based on its own credit criteria.
The EDC BCAP Guarantee is available for both exporting and non-exporting businesses in Canada. Further, EDC also defers the guarantee for the first 6 months.
The program is available until June 2021 and more details are here.