EDC Business Credit Availability Program (BCAP) Guarantee Extended
Accord has been helping Canadian businesses overcome challenges for over 40 years. We truly understand that Small and Mid-size enterprises (SMEs) from diverse industries are vital for Canada's success. To help Canadian SMEs navigate the effects of COVID-19, Accord Financial partnered with EDC on July 13th 2020.
Throughout the COVID-19 pandemic EDC has expanded the EDC BCAP Guarantee to support even more Canadian companies, regardless of size, sector or region. The program has in fact helped many existing and new Accord clients.
As we put our efforts towards simplifying access to capital, we are glad to have partners like EDC to achieve our goals. We are also thrilled to announce the extension of the application period for the EDC BCAP guarantee to December 31, 2021.
Learn more about the EDC BCAP Guarantee below, or contact us directly: 1 844.932.9940
Who Can Apply
If a business needs greater cash flow to cover operational costs as a result of the COVID-19 pandemic, this enterprise may be eligible for an Accord Financial loan under the EDC BCAP Guarantee.
How It Works
- Accord can improve a company’s cash flow to cover operational costs through a new operating line of credit or new term loan that is guaranteed by EDC through the EDC BCAP Guarantee.
- The EDC guarantee covers 80% of the money the company borrows from Accord. The objective is that between EDC and Accord enterprises get quick access to the credit they need and minimize how this crisis impacts their businesses.
How to Apply
Talk to one of Accord’s representatives to find out if the EDC BCAP Guarantee is a good fit for you.
Cynthia Aboud: 514.846.6850 / firstname.lastname@example.org
Kevin Westfall: 416.902.8947 / email@example.com