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Find out if you’re eligible for the new Export Development Canada Business Credit Availability Program and how this loan can help with your operating expenses.

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Coast Capital Savings has partnered with Export Development Canada (EDC) to provide loans backed by the Business Credit Availability Program (BCAP) Guarantee.  This program is open to eligible businesses in need of liquidity to support operations for up to five years.


Through the EDC BCAP Guarantee, eligible and approved businesses and non-profits can apply for a loan including the following terms:

  • Up to $6.25 million in financing
  • One-year duration that we may extend annually for up to five years’ total duration
  • 80% guarantee from EDC
  • 1.8% guarantee fee, deferred for the first six months

When you apply for this program, you are applying for a business loan from Coast Capital, 80% of which is backed by a guarantee from EDC. We will evaluate your loan application based on information you provide about your business before providing an approval decision. 

Interest rate, other applicable fees, security and other requirements will vary based on the borrower. Please discuss with us by following the instructions under How to Apply.


Through the EDC BCAP Guarantee, eligible and approved businesses and non-profits can apply for a loan including the following terms:

  • Up to $6.25 million in financing
  • One-year duration that we may extend annually for up to five years’ total duration
  • 80% guarantee from EDC
  • 1.8% guarantee fee, deferred for the first six months

When you apply for this program, you are applying for a business loan from Coast Capital, 80% of which is backed by a guarantee from EDC. We will evaluate your loan application based on information you provide about your business before providing an approval decision. 

Interest rate, other applicable fees, security and other requirements will vary based on the borrower. Please discuss with us by following the instructions under How to Apply.

This program is open to eligible Canadian businesses affected by COVID-19, regardless of whether they have export sales. 

To qualify for a BCAP Guarantee, a business must meet the following requirements:

  • Current business member of Coast Capital Savings as of March 1, 2020
  • Applying for a new operating or cash flow loan
  • Using the loan to finance business operations, like rent, payroll, or normally scheduled interest and principal payments

The loan cannot be used for repayment or financing of debt, dividend payouts, executive compensation, shareholder loans, bonuses, buybacks or option issuance.

The following organizations are ineligible for the EDC BCAP Guarantee:

  • Government organizations or bodies or entities owned by a government organization or body
  • Unions, charitable, religious or fraternal organizations or entities owned by such organizations except registered T2 or T3010 corporations that generate a portion of their revenue from the sales of goods or services (so that business operations of those entities remain eligible)
  • Entities owned by any Federal Member of Parliament or Senator
  • Entities that promote violence, incite hatred or discriminate on the basis of sex, gender, sexual orientation, race, ethnicity, religion, culture, region, education, age or mental or physical disability



Contact your relationship manager, or our Business Advice Centre at 1.888.517.7000 (option 3). They will help you apply for the EDC BCAP loan guarantee and other programs that can help you meet your liquidity needs during the COVID-19 pandemic.

Yes.  These programs are independent of each other and you can still receive the EDC BCAP Guarantee.

No.  When you apply for this program, you are applying for a business loan from Coast Capital, 80% of which is backed by the EDC guarantee.  While the EDC guarantee helps mitigate risk, we do need to evaluate your loan application based on information you provide about your business before providing an approval decision.
No.  This program is open to eligible Canadian businesses affected by COVID-19, regardless whether they have export sales.

This program is open to all eligible business members.  However, as there are a number of programs available to help with liquidity during the COVID-19 pandemic, you should get in touch with your Coast relationship manager to help determine which programs are the best fit for your needs.


When you apply for this program, you will work with your relationship manager to submit a loan application for a Coast Capital Business Loan, and then you will be asked to apply for the guarantee from EDC.  Coast Capital will conduct a full review of your application and business financial information, and then will provide a decision.  If your application is approved, we will send you a link to apply for the EDC BCAP guarantee online.

If you have questions on the status of your application, please reach out to your relationship manager.

  • Government organizations or bodies or entities owned by a government organization or body
  • Unions, charitable, religious or fraternal organizations or entities owned by such organizations except registered T2 or T3010 corporations that generate a portion of their revenue from the sales of goods or services (so those entities remain eligible)
  • Entities owned by any Federal Member of Parliament or Senator
  • Entities that promote violence, incite hatred or discriminate on the basis of sex, gender, sexual orientation, race, ethnicity, religion, culture, region, education, age or mental or physical disability