Export Financial Assistance
AFSC Commercial Lending
Last Verified:
2005-10-26
AFSC Commercial Lending helps Albertans turn their good ideas into thriving businesses - by providing financing when conventional financing is not available.
Eligibility Criteria
The Business must be:
- intended to be a profit making venture
- a proprietorship, partnership, cooperative or corporation formed under federal or provincial companies legislation
- located in Alberta
- supported by a reasonable equity investment
- capable of contributing to the economic expansion of the province and is in the best interest of the community
- able to demonstrate a capacity to repay the loan
Eligible Area
The province of Alberta.
Eligible Activities
Any business operating in Alberta for profit which manufactures or processes products or provides services to purchasers outside Alberta or which replaces products or services imported into the province. Alberta export consortia and trading companies may also be eligible.
Summary
Export Financial Assistance helps businesses to obtain working capital loans and export credit guarantees to complete orders / contracts outside of Alberta.
Assistance is provided through approved lenders. The lender will issue a commitment letter to the applicant including, if considered necessary, the requirement for an Export Financial Assistance guarantee. Loans guaranteed under the program are subject to a maximum of $2 million for any one business at one time. They are not to exceed the lesser of 90% of the direct cost to complete the contract or 85% of sales from the order or contract. An application for guarantee may be declined if the applicant or project is not considered economically viable or if the need for a guarantee is not deemed appropriate. A processing and documentation fee is paid by the borrower to AFSC when the guarantee is authorized.
Financing in the form of term loans, partial guarantees of bank operating lines of credit, as well as assistance in the financing of export contracts is available. This assistance is provided, for the most part, to smaller businesses outside the metropolitan areas, which although viable, are unable to obtain financing from conventional institutions. Emphasis is placed on Alberta owned businesses which will create jobs, are introducing improvements in productivity or technology, or have export or tourism potential.
Additional information can be obtained at the AFSC website: http://www.afsc.ca/ or contact the nearest AFSC Office listed below or call 1-800-661-3811.
Related Reading
More Information
Alberta Contact(s):
AFSC Commercial Lending
Provincial Building
220 - 4 Avenue West
Brooks, Alberta
T1R 0E9
Telephone: (403) 362-1216
Fax: (403) 362-8078
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
Suite 150
6815 - 8 Street NE
Calgary, Alberta
T2E 7H7
Telephone: (403) 297-6281
Fax: (403) 297-8461
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
4910 - 52 Street
Camrose, Alberta
T4V 4E8
Telephone: (780) 679-1311
Fax: (780) 679-1252
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
Room 100
J.G. O'Donoghue Building
7000-113 Street
Edmonton, Alberta
T6H 5T6
Telephone: (780) 427-2140
Fax: (780) 415-1218
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
4924 - 1 Avenue
P.O. Box 7110
Edson, Alberta
T7E 1V4
Telephone: (780) 723-8233
Fax: (780) 723-8575
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
Community Futures Business Development Centre
AFSC Commercial Lending
102, 9816 Hardin Street
Fort McMurray, Alberta
T9H 4K3
Telephone: (780) 791-5875
Fax: (780) 791-7257
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
1001 Provincial Building
1128, 9909 - 102 Street
Grande Prairie, Alberta
T8V 6J4
Telephone: (780) 538-5220
Fax: (780) 538-5531
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
Provincial Building
5226 - 53 Ave.
Box 1259
High Prairie, Alberta
T0G 1E0
Telephone: (780) 523-6529
Fax: (780) 523-6569
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
County of Lethbridge Building
#200, 905 - 4th Avenue South
Lethbridge, Alberta
T1J 0P4
Telephone: (403) 381-5474
Fax: (403) 381-5567
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
# 201, 1290 Trans Canada Way SE
Medicine Hat, Alberta
T1B 1J5
Telephone: (403) 504-2155
Fax: (403) 504-2159
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
23, 9809 - 98 Avenue
Bag 900
Peace River, Alberta
T8S 1J5
Telephone: (780) 624-6387
Fax: (780) 624-6493
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
5110 - 49 Avenue
P.O. Box 4426
Ponoka, Alberta
T4J 1R5
Telephone: (403) 783-7011
Fax: (403) 783-7079
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
Provincial Building
302 - 4920 - 51 Street
Red Deer, Alberta
T4N 6K8
Telephone: (403) 340-5551
Fax: (403) 340-7004
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
Provincial Building
5025 - 49 Avenue
St. Paul, Alberta
T0A 3A4
Telephone: (780) 645-6356
Fax: (780) 645-2848
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
Provincial Building
4705 - 49 Avenue
Stettler, Alberta
T0C 2L0
Telephone: (403) 742-7520
Fax: (403) 742-7911
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
Provincial Building
4701 - 52 Street
Vermilion, Alberta
T9X 1J9
Telephone: (780) 853-8266
Fax: (780) 853-1982
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
AFSC Commercial Lending
Provincial Building
Suite 2, 10003 - 100 Street
Westlock, Alberta
T7E 4E8
Telephone: (780) 349-4535
Toll-free (information): 1-800-661-3811
E-mail: AFSC.Commercial@AFSC.ca
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