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The Business Credit Availability Program (BCAP) is a tentative Federal Financial Program legislated in support of businesses affected by COVID-19.

FOR WHOM?

  • Small and medium-sized enterprises requiring financing during the current period of significant uncertainty
  • Credit-worthy businesses with viable business models whose access to financing would otherwise be restricted


BENEFITS

The Business Credit Availability Program (BCAP) will allow the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) to provide more than $65 billion of additional support.

IMPLEMENTATION
BCAP became available as of March 13, 2020.

HOW TO APPLY
Businesses seeking support through BCAP should contact financial institutions whom they have a pre-existing relationship for a financial assessment 

For eligible business,  the BDC process works fairly quickly and requests should be processed in just a few weeks.

REFERENCES

https://www.canada.ca/en/department-finance/programs/financial-sector-policy/business-credit-availability-program.html

https://www.bdc.ca/en/pages/special-support.aspx?special-initiative=covid19

https://www.edc.ca/en/campaign/coronavirus-covid-19.html

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