Security Compliance Loan
Canadian companies shipping to the U.S. may need to enhance their security programs in order to meet the requirements of C-TPAT. EDC's Security Compliance Loan helps Canadian companies to finance the upgrades required to meet security standards, and helps them qualify to become C-TPAT-compliant. Security enhancements to property, personnel and procedures may be required.Business Benefits
- Maintain cash flow: The loan provides you with the ability to finance the cost of these upgrades.
- Business growth: Compete and secure U.S. opportunities that now require suppliers to have obtained security clearance.
- Faster and Smoother Shipments: Border clearance times are reduced, and your goods have access to the FAST lanes at the Canada/U.S. border.
- Reduced risk of theft: Improved security to your place of work protects your establishment.
Coverage Details
Qualification Criteria
Cost
More information
Contact Us
To learn more about the Security Compliance Loan, complete our contact us form or call 1-866-283-2957 weekdays between 8 a.m. and 6 p.m. EST.
- EDC provides a term loan for up to $150,000 to finance the costs related to becoming C-TPAT compliant
- The loan can be for up to 85% of the specific costs identified
- Up to $5,000 of the fees may be associated with a security gap analysis
- Generally, loans will be unsecured with a 3 year repayment term
Qualification Criteria
To apply for the loan, you must:
- Be a registered Canadian company;
- Be an Importer of Record into the United States or a Canadian Highway Carrier;
- Have been in business for at least 3 years.
- Agree to work with an EDC-approved advisory service to conduct a security gap analysis required as part of the loan application
Cost
Once your creditworthiness has been established, EDC will offer you the choice of a fixed or a floating rate of interest. Other than the interest which is payable quarterly, EDC will not charge any other fee.
More information
Call 1-866-283-2957, weekdays between 8 a.m. to 6 p.m. EST.
Complete our contact us form
Security Compliance Loan brochure (PDF Format)
Security Compliance Loan Application Form (PDF Format)
Free and Secure Trade Program (Canada/US)
Grant program offered in Quebec (MDEIE) - French only
Canada's Partners in Protection
United States Customs and Border Protection
Frequently Asked Questions about C-TPAT
