EDC Trade Expansion Lending Program
No fixed amount
Loan Guarantee
Description:
The Trade Expansion Lending Program (TELP) is a guarantee that helps you access more working capital from your financial institution. EDC shares the risk with your lender by guaranteeing part of your loan or line of credit, allowing them to offer the credit conditions you need to grow.
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must contact EDC to find out whether TELP is right for your business
Application Steps:
Applicants must:
1. Talk to your financial institution. Ask your lender if TELP is a good fit for your financing needs. If your financial institution doesn’t offer TELP, they can still work with EDC to find other ways to support your growth.
2. Work with your financial institution to complete the application
TELP is delivered by approved financial institutions, making it easier to apply and faster to process.
3. Grow your business
Once your application is approved, you can access your funds through your financial institution.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
