Business Credit Availability Program (BCAP)

Description of the Business Credit Availability Program (BCAP): 

On March 13, 2020, the Government announced the establishment of a Business Credit Availability Program (BCAP) to help Canadian businesses obtain financing during the current period of significant uncertainty.  The BCAP will support access to financing for Canadian businesses in all sectors and regions.

Through this program, Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) will provide more than $65 billion in direct lending and other types of financial support at market rates to businesses with viable business models whose access to financing would otherwise be restricted. By working in close cooperation with financial institutions, this program will fill gaps in market access and leverage additional lending by private sector institutions

Businesses seeking support through BCAP should contact the financial institutions with whom they have a pre-existing relationship, so that the financial institutions may assess the client’s financial request. If the needs of the client exceed the level of support the financial institution is able to provide, the financial institution will work alongside BDC or EDC to access additional resources the Government has made available under BCAP.

Canada outlines measures to support the economy and the financial sector 

Role/Description of BDC and EDC

Through the BCAP, the Business Development Bank of Canada (BDC) and Export Development Canada (EDC), both financial Crown corporations, will work closely with private sector lenders to improve access to financing for Canadian businesses.

BDC helps create and develop strong Canadian businesses through financingadvisory services and capital, with a focus on small and medium-sized enterprises.

For more information on the BDC’s products and services.

EDC is Canada’s export credit agency, offering innovative financing, insurance and risk management solutions to help Canadian exporters and investors expand their international business. 

For more information on EDC’s products and services.

Participating private sector lenders have committed to:

Reporting and Governance:

The BCAP is steered by an oversight group of representatives of the Department of Finance, EDC, BDC, and Canadian financial institutions.  The steering group meets regularly to share information and search for more effective ways to collaborate in order to maximize the initiative’s positive impact on businesses and the economy.

The Government will monitor the program with participating lenders to ensure it is meeting its objectives.

Contact Information:

If you are interested in exploring financing opportunities for your business through the BCAP, please contact your financial institution directly and it will contact BDC and EDC where appropriate.  BDC and EDC can also be contacted at the email addresses below.

Business Development Bank of Canada

1-877-232-2269

Export Development Canada  

1-800-229-0575

Frequently Asked Questions:

What is the objective of BCAP?

The objective of the Business Credit Availability Program is to improve access to financing for credit-worthy Canadian businesses with viable business models whose access to financing would otherwise be restricted.

How will BCAP achieve its objective?  

By working in close cooperation with private sector financial institutions, this program will fill gaps in market access and lever additional lending by private sector institutions where joint participation facilitates private action. BCAP will build on, and enhance where possible, existing products and relationships to facilitate access to flexible, incremental credit for Canadian businesses.

Who will benefit from BCAP?  

All credit-worthy businesses with viable business models whose activities fall within the mandate of either BDC and/or EDC are eligible to benefit from BCAP.  

How to access BCAP? 

Businesses interested in accessing the BCAP should first contact their financial institution, which will contact BDC and/or EDC where appropriate.

When will BCAP be available?

BCAP is currently available.  Interested businesses should contact their financial institution for more information.

Is there a limit on BCAP support?  

Although no limit exists for a single business, the BDC, EDC and participating financial institutions will continue to employ internal risk management practices for granting credit.  Through BCAP, BDC and EDC will provide more than $65 billion in loans and other forms of credit support and enhancement at market rates to businesses with viable business models.  

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