Export Development Canada (EDC) Business Credit Availability Program (BCAP)

The EDC BCAP  provides qualifying Canadian businesses much needed access to working capital for short-term liquidity in response to COVID-19. It is a standardized guarantee program offered by Export Development Canada, with no export sale requirements, and is available to existing Scotiabank and Roynat Commercial Business Banking clients.

Supporting our Commercial Business Banking clients

The Business Credit Availability Program (BCAP) is a standardized guarantee program offered by Export Development Canada (EDC) in response to COVID-19. There are no exporting requirements, and the program is available through Scotiabank and Roynat for our Commercial Business Banking clients. The program is designed for meeting your short-term liquidity/working capital requirements over the next 12 months, such as recurring operational expenses, due to cyclical cash flow. 

If you are a qualifying Scotiabank or Roynat Commercial Business Banking client, the EDC BCAP provides you with access to a maximum 364-day operating credit or cash flow term loan (with possibility to renew for an additional 364 days) of up to $6,250,000: 

  • EDC BCAP is backed by a partial (80%) guarantee from EDC and is for short-term liquidity requirements. 
  • The program is designed to provide short-term capital to sustain operational cash flow, pay for inventory, and cover temporary slowdown in sales and account receivable inflows. 
  • It is not intended for debt repayment, refinancing, shareholder distributions, or dividend payments.

Additional relief measures for commercial business banking clients

We are making available various additional accommodations related to liquidity and financial covenant relief to assist clients who have been impacted by COVID-19. We are offering temporary loan payment deferrals or other forms of short-term support to customers who meet required qualifications.

If your business is experiencing financial hardship as a result of COVID-19, please contact your Agriculture Relationship Manager, Healthcare & Professional Specialist, Automotive Finance Relationship Manager, or Business Banking Relationship Manager. 

Export Development Canada (EDC) Business Credit Availability Program (BCAP) FAQs