Area of Law: Coronavirus COVID-19
Answer # 7252
EDC Business Credit Availability Program (BCAP) Guarantee
Region: Ontario Answer # 7252The Business Credit Availability Program (BCAP) has ended
BCAP is a federal program that was offered by Export Development Canada (EDC). BCAP guaranteed access to financing for Canadian businesses in all sectors and regions, improving their cash flow through their bank or credit union to cover rent, payroll and other business operating costs.
The application period for EDC BCAP Guarantee ended on Dec. 31, 2021. For businesses that have an EDC BCAP Guarantee in place through their financial institution, their EDC BCAP Guarantee coverage will continue for up to five years from the loan signing date. Business should contact their financial institution for details.
More info
For information on Government of Canada resources for businesses, their employees and self‑employed individuals, such as financial support, loans and access to credit, visit Canada.ca.
Provincial relief programs for businesses: There may also be financial relief programs and incentives for businesses available from provincial governments. For more info, visit our related links and resources for what is available where you live.
For up-to-date information on Coronavirus COVID-19, visit Health Canada, the World Health Organization, and our related links.
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