Buyer Financing

By mmuise
Description:

EDC Buyer Financing helps businesses gain a competitive edge by providing Buyer Financing to their international customer and taking on the risk of non-payment for them. The payment to the applicant/seller is usually triggered by EDC’s receipt of a buyer-approved invoice and EDC holds responsibility for collecting payment from the buyer and administering the loan.


Comments on Funding:

No other details available.

Deadline: -
Eligibility:

The applicant must:

  • export goods,
  • have a good credit risk rating.
    Several details determine eligibility: the customer’s credit rating, transaction details and other determining factors.
Application Steps:

1. The applicant must provide the export contract and credit information on the foreign buyer and EDC completes the credit review and approval process.

2. Once the review is approved, EDC issues a loan agreement to the buyer and alerts the applicant / exporter.

3. The payment to the applicant is usually triggered by EDC’s receipt of a buyer-approved invoice and EDC holds responsibility for collecting payment from the applicant's buyer and administering the loan.

Documentation Needed:

The applicant must provide EDC with:
1. the export contract. and 2. credit information on the applicant's foreign buyer.

Other Things to Note:

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About the author
mmuise