EDC — Account Performance Security Guarantee
Canada
Free up collateral held against a standby letter of credit
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Other Support
grant_single|eligibleIndustries
- Construction
- Manufacturing
- Wholesale trade
- Professional, scientific and technical services
grant_single|grantors
- Government of Canada
- Export Development Canada (EDC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Issue letters of guarantee or standby letters of credit with your financial institution without putting up cash or freezing your credit line as collateral.
grant_single_labels|projects
- Projects or activities eligible for this grant:
Nothing
grant_single|admissibleProjectsExample
$8,000
Ottawa
Implement lease guarantees for a technology startup
$20,000
Vancouver
Secure performance guarantees for a renewable energy project
$17,500
Winnipeg
Apply supplier guarantees for a biotech firm
$24,000
Montreal
Establish warranty guarantees for a manufacturing firm
$15,000
Toronto
Implement advanced payment guarantees for an IT consulting firm
grant_single_labels|admissibility
- The eligibility for this grant is determined by EDC based on the managerial, technical, and financial capabilities of the company, review of the letter of guarantee, conditions and economic outlook in the customer's country, and the customer's profile.
grant_eligibility_criteria|who_can_apply
Eligibility for the Account Performance Security Guarantee is determined by Export Development Canada (EDC) based on the managerial, technical, and financial capabilities of the company, review of the letter of guarantee, conditions and economic outlook in the customer’s country, and the customer’s profile.
- Companies with export-led operations
- Companies seeking to issue letters of guarantee without tying up capital
- Companies looking to enhance creditworthiness and access working capital
- Companies interested in expanding business volumes and negotiating better supplier terms
grant_eligibility_criteria|who_cannot_apply
It seems that there are no specific types of companies mentioned in the grant context that are not eligible for the grant.
However, the eligibility for the Account Performance Security Guarantee is determined by EDC based on various requirements, including:
- The managerial, technical, and financial capabilities of your company
- Review of the letter of guarantee
- Conditions and economic outlook in your customer’s country, and the customer’s profile
grant_eligibility_criteria|eligible_expenses
- Eligible expenses for this grant include:
-
- Bid guarantees
- Advanced payment guarantees
- Performance guarantees
- Warranty guarantees
- Lease guarantees
- Supplier guarantees
- Regulatory guarantees
grant_single_labels|criteria
There are evaluation and selection criteria for the Account Performance Security Guarantee:
- The managerial, technical, and financial capabilities of the company
- Review of the letter of guarantee
- Conditions and economic outlook in the customer's country and the customer's profile
grant_single_labels|register
- Step 1: Get in touch with EDC to discuss an opportunity that requires a letter of guarantee.
- Step 2: EDC works with you and your financial institution to set up an APSG.
- Step 3: Upon approval, an APSG offer is issued to your financial institution, transferring the collateral requirement and risk to EDC.
- Step 4: You now have more cash available to expand your business.
grant_single_labels|contact
1-800-229-0575
Apply to this program
