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EDC's solutions facilitated $131.4 billion in trade-related activities for more than 27,000 Canadian businesses

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BMO and EDC Launch Trade Expansion Lending Program to Help Canadian Businesses Grow and Compete Globally

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TORONTO, April 1, 2021 /CNW/ - To help Canadian businesses compete on a global scale, BMO Business Banking clients can now take advantage of the Trade Expansion Lending Program (TELP). The program is offered in collaboration with Export Development Canada (EDC).
The Trade Expansion Lending Program is designed to help export-oriented, small and medium-sized businesses more quickly access working capital to expand outside of Canada. Eligible companies include those that sell goods or services outside of Canada, supply Canadian buyers who export those goods or services, or have a signed international contract. With the TELP, eligible companies can receive up to $3 million in financing. ....

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