EDC Business Credit Availability Program (BCAP) Guarantee

Region: Ontario Answer # 7252

What is the BCAP?

The Business Credit Availability Program (BCAP) is a federal program that exists to help Canadian businesses deal with the financial impacts of COVID-19. The BCAP guarantees 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.

Through this program, Export Development Canada (EDC) provides a guarantee to your financial institution for the majority of the money you borrow, specifically new operating lines of credit or new term loans, encouraging your financial institution to increase your company’s access to credit.

Details of the BCAP

  • for Canadian small and medium–sized businesses
  • the size of your loan or line of credit is determined by your financial institution
  • EDC will guarantee 80% of new operating line of credit or new term loan
  • loans may be paid back over 5 years and include 6 months principal payment postponement
  • the program is available to businesses that were financially viable and revenue-generating prior to the COVID-19 outbreak
  • proceeds from your loan must be used to finance business operating costs and cannot be used to repay or refinance existing debt

How do you access BCAP?

Businesses looking to apply for support through BCAP should contact the financial institutions with whom they have a pre-existing relationship.

More info

For more information on BCAP, visit the Export Development Canada (EDC) website. For information on other federal available supports for businesses and individuals, visit the Government of Canada Economic Response Plan website.

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.


You now have 3 options:

Was your question answered?

Yes    No

What information would you like to see added?

Submit an Edit Request

What are your changes?*

Page loaded. Thank you