What is EDC BCAP program?

If your business needs access to working capital to cover operational costs as a result of the COVID-19 pandemic, you may be eligible for the EDC BCAP Guarantee. This guarantee is for new operating lines of credit or new term loans to support your cash flow needs.

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Accordingly, what is a BCAP loan?

What is BCAP? The Business Credit Availability Program (BCAP) consists of multiple loan programs aimed at helping a range of businesses impacted by COVID-19. … This program includes administration of the CEBA, Mid-Market Financial loan guarantees and co-lending programs for small and medium-sized enterprises.

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