How Can EDC Help You
EDC’s expertise lies in helping Canadian exporters access the support they need to carry out business abroad successfully. We offer a wide range of financial services both directly and in partnership with financial institutions.EDC financial services
EDC has decades of experience helping Canadian exporters of all sizes. As a reflection of the business landscape in Canada, some 90 percent of our customers are small companies. Our financial services are designed to reduce the risks associated with exporting—and to help companies access the cash they need to make export deals happen. Specifically, we help companies:
- Extend competitive payment terms and get paid for export sales.
- Manage cash flow by increasing access to working capital.
- Assess the credit and financial information of new U.S. and foreign customers.
- Acquire a contract guarantee without tying up much-needed cash.
- Strengthen bids by offering customers flexible financing repayment terms.
- Issue bonds for contracts and protect against a wrongful call.
EDC's Online Solutions Advisor provides fast and convenient 24-hour information on the EDC solutions of help to you. By taking 10 minutes to answer a few questions, you’ll obtain a diagnostic summary of the potential EDC solutions for your exporting needs.
To find out more, call us at 1-866-283-2957 weekdays 8 a.m. to 6 p.m., or complete our contact us form electronically.
EDC partnerships with other financial institutions
To serve the needs of Canadian exporters, EDC has developed partnerships and programs with the following financial institutions:
Accord Business Credit Inc.
BNP Paribas SA
Brome Financial Corporation
Desjardins
Exportbank
i Trade Finance Inc.
Jebco International Corporation
Maple Trade Finance
Mercantile Exchange Corporation
Montcap Financial Corporation
National Bank of Canada
Northstar Trade Finance
Scotiabank
TD Canada Trust
Accord Business Credit Inc.
EDC and Accord Business Credit Inc. offer Export Ease, an all-inclusive package combining the receivables management expertise of Accord with the accounts receivable insurance services of EDC. Contact Accord at
1-800-967-0015.
BNP Paribas SA
EDC and BNP Paribas (Canada) have set up an insurance policy whereby EDC insures foreign receivables factored by BNP Paribas. For more information, call Jean Rolin at 514-285-2935, or Richard Kelso at
514-285-6110.
Brome Financial Corporation
Brome Financial Corporation is an asset-based lender offering financial and factoring services to small and medium-sized businesses across Canada in cooperation with EDC. For more information, call 1-888-878-9485.
Desjardins
Commercial business members can increase working capital when they purchase EDC-insured foreign receivables factoring from Desjardins. Contact your Desjardins Business Centre for details, or call 1-800-508-2874.
Exportbank
In conjunction with EDC Accounts Receivable Insurance, Exportbank funds receivables and guides smaller exporters (those with under $1 million in export sales) through the exporting process. Call 1-800-249-6284.
i Trade Finance Inc.
The Tri-Trade program, offered by i Trade Finance, offers EDC customers a cost-effective working capital alternative through the conversion of short-term receivables into a cash payment shortly after shipment. Contact i Trade at 1-877-734-7773.
Jebco International Corporation
Jebco International Corporation makes asset-based loans (accounts receivable and inventory) to small and medium-sized businesses in cooperation with EDC. For more information, call 514-341-9788.
Maple Trade Finance
EDC customers can increase their cash flow by factoring EDC-insured foreign invoices to Maple Trade Finance. For more information on the invoice discounting program, call 902-444-5566.
Mercantile Exchange Corporation
Mercantile Exchange Corp. offers the option of Fixed and Open Foreign Exchange Forward Contracts at pre-determined exchange rates with delivery dates further into the future—without companies having to pledge the usual margin deposit. Call 1-800-268-2682.
Montcap Financial Corporation
Export Ease Plus adds factoring or export receivables discounting to the Export Ease program between Accord Business Credit Inc. and EDC. Contact Montcap at 1-800-231-2977.
National Bank of Canada
All the export accounts receivables factored or discounted by NatExport (the factoring facility of the National Bank of Canada) are insured by EDC. Contact your local National Bank of Canada Account Manager for more details.
Northstar Trade Finance
Northstar provides medium-term loans to foreign buyers for the purchase of Canadian capital goods in amounts up to $10 million; and EDC insures the loans. For more information, download a PDF about the EDC/Northstar Trade Finance partnership.
Scotiabank
Through the Scotia Americas Capital Equipment Purchase Program, sales by smaller exporters are facilitated in selected Latin American countries. Sales are financed through Scotiabank with refinancing by EDC of the medium-term export sale.
TD Canada Trust
Similar to the NatExport policy, EDC insures accounts receivables discounted or factored by the TD Canada Trust. Contact your local TD Canada Trust Account Manager for details.
