The Federal Government established a Business Credit Availability Program (BCAP) to provide additional support through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).
BDC and EDC are working with private sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, air transportation, exports and tourism.
This program includes:
Loan Guarantee for Small and Medium-Sized Enterprises
Co-Lending Program for Small and Medium-Sized Enterprises
These programs are now available at various financial institutions and credit unions