Canada’s Financial Relief for Entrepreneurs


Up to $40,000 interest-free loans for small businesses and not-for profits with a 2019 payroll between $20,000 and $1.5 million.

  • Up to $10,000 loan forgiveness

By repaying 75% of your loan on or before December 31, 2022, you can keep the remaining 25% (up to $10,000)!

  • Flexible terms

If the loan cannot be repaid by December 31, 2022, it can be converted into a 3-year term loan with an interest rate of 5%.

  • Repay at your pace

Principal payments can be made at your pace, without fees or penalties, by December 31, 2022.

  • Fast and easy

Applying is fast and easy. Contact your primary financial institution today.

Co-Lending Program

Up to $12.5 million for your operational cash flow requirements; available until or before September 30, 2020.

  • Commercial loans

Between $1 million and $12.5 million for cash flow needs, including regularly scheduled principal and interest payments on existing debt.

  • Flexible terms

Postpone principal payments for up to 12 months if you need additional breathing room. Available until or before September 30, 2020.

EDC Business Credit Availability Program (BCAP) Guarantee

Up to $6.25 million to cover rent, payroll and other operating costs caused by the current crisis.

  • Flexible terms

Repay over 5 years and benefit from 6 months principal payment postponement.

  • Guaranteed loans

EDC will guarantee 80% of your new operating line of credit or new term loan.

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.

  • Additional credit

Cover operational cash flow needs for a 12-month period to maintain staff, preserve supply chains and manage cash flow.

  • Junior loans

Commercial loans in the form of junior loans done jointly with your primary financial institution.

Oil and Gas Sector Financing

Between $15 million and $60 million for Canadian-based oil and gas producers, oilfield service companies and midstream providers.

  • Commercial loans in the form of junior loans done jointly with your primary financial institution to cover operational cash flow and business continuity activities.