RBC Trade Expansion Lending Program
$ 13,333,333.00
Loan
Description:
The Trade Expansion Lending Program (TELP) facilitates access to working capital for global business growth. The program guarantees working capital up to $13,333,333. It provides assistance to businesses seeking to sell directly to customers in another country, supply Canadian exporters, or finance their initial international orders.
Comments on Funding:
Funding takes the form of operating line of credit or term loan of up to $13,333,333.
Continuous Intake
Eligibility:
Applicants must:
1. be a Canadian company;
2. currently have direct or indirect international sales of at least 15%, or plan to reach a minimum of 15% within the next 3 years;
3. export or indirectly export to an eligible country as identified by RBC and EDC.
Application Steps:
Applicants must contact the International Trade Specialist or have a specialist contact them.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
