This program is a fantastic opportunity for your business to gain a competitive edge in the international market. By offering Buyer Financing, you can provide your customers with flexible payment options, making your products more attractive and affordable. This not only helps you win more contracts but also protects you from the risk of non-payment, as the program takes on that responsibility.

What You Get:

• Flexible financing arrangements to differentiate you from competitors
• Protection from non-payment risks, allowing you to focus on growing your business
• Increased customer loyalty by enabling purchases they might not afford otherwise
• Support for the Canadian economy by making it easier for international companies to buy from you

The financing provided through this program is backed by the government, ensuring reliability and security. The process is straightforward: you provide the export contract and credit information, and EDC handles the credit review and loan administration. This means you get paid promptly, while EDC manages the collection from your buyer. This program is designed to be accessible, making it easier for you to qualify and benefit from its advantages.

Type of Financing: Loan

Repayment Terms and Interest Rates:

• The loan offers flexible repayment terms tailored to your business needs.
• Interest rates are competitive and vary based on the creditworthiness of your buyer and the transaction details.
• Repayment terms can extend up to 10 years, providing ample time to manage cash flow effectively.

Eligible Expenses:

• Funds can be used for purchasing equipment, expanding operations, and other capital expenditures.
• Working capital needs, such as inventory purchases and operational costs, are also covered.
• Expenses related to international business expansion, including marketing and trade show participation, are eligible.

Ineligible Expenses:

• Funds cannot be used for personal expenses or non-business-related activities.
• The loan does not cover speculative investments or unrelated business ventures.

Fees:

• A one-time application fee of $200 is required.
• There is a document preparation fee of $150.
• No additional fees for early repayment, providing flexibility to manage your finances.

This program offers your business a great chance to grow. You can receive financing for your international customers, making it easier for them to buy from you. This not only helps you win more sales but also protects you from the risk of non-payment.

Here’s how it works:

1. You provide the necessary export contract and credit information about your foreign buyer.
2. The program completes a credit review and, once approved, issues a loan agreement to your buyer.
3. You get paid when the buyer approves the invoice, and the program takes on the responsibility of collecting payment from your buyer.

By offering flexible payment terms, you can increase customer loyalty and stand out from your competitors. This program helps you expand your business internationally without taking on all the financial risks.