Business Credit Availability Program (BCAP)

Latest Update: On June 7th, the Government of Canada extended the program until December 31st, 2021.

What is the Business Credit Availability Program (BCAP)?

Through the Business Credit Availability Program (BCAP), Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) are working with private sector lenders to support access to capital for Canadian businesses in all sectors and regions.

Several financing options are available:

Canada Emergency Business Account: Loans of up to $40,000 for small businesses and not-for-profits, interest-free for one year. A portion may be forgivable. Extended to June 30th, 2021.
Mid-Market Financing Program: Junior loans ranging between $12.5 million and $60 million for medium-sized businesses particularly impacted by the COVID-19 pandemic. Available until December 31st, 2021.
EDC Business Credit Availability Program (BCAP) Guarantee: EDC will guarantee 80 percent on the money you borrow, up to a total loan of $6.25 million. This applies to new operating lines of credit or new term loans to support cash flow needs during the pandemic. EDC fees related to the guarantee will be deferred for the first six months. Available until December 31st, 2021.
Co-Lending Program: Between $1 million and $12.5 million for operational cash flow requirements, co-financed by BDC and your primary financial institution. Available until December 31st, 2021.

Each of these programs will be administered through your financial institution. Contact them for details and to apply.