grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|openingDateNovember 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Government of Canada
  • Export Development Canada (EDC)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Protect your profits and get covered for 90% of your insured losses if a customer doesn’t pay. 

grant_single_labels|projects

grant_single|admissibleProjectsExample

$72,000

Calgary
Open a community arts center to promote local artists and cultural activities

$67,500

Toronto
Upgrade technology infrastructure to enhance operational efficiency and customer service

$90,000

Edmonton
Create a mobile health clinic to improve healthcare access in remote communities

$58,500

Ottawa
Establish a recycling program to reduce waste and promote environmental sustainability

$72,000

Montreal
Launch an online education platform to provide accessible learning resources

$40,500

Vancouver
Develop a local organic farmers' market to support sustainable agriculture

grant_single_labels|admissibility

Short-term credit insurance is ideal for new or occasional exporters who are exploring new markets and relationships with a few customers. It offers fast and simple coverage exclusively online for transactions up to $500,000.
  • You're a new or occasional exporter
  • You're exploring new markets and relationships with a few customers
  • You need fast and simple coverage exclusively online
  • You need to insure transactions up to $500,000

grant_eligibility_criteria|who_can_apply

Companies that can apply for this grant are exporters. The grant offers two types of credit insurance: 1. Select Credit Insurance: Ideal for new or occasional exporters who need short-term coverage and want to insure transactions up to $500,000. 2. Portfolio Credit Insurance: Designed for active exporters with consistent sales who want ongoing coverage and the ability to insure an unlimited number of customers.

grant_single_labels|criteria

Short-term and portfolio credit insurance have different evaluation and selection criteria. Short-term coverage is ideal for new or occasional exporters with transactions up to $500,000, while portfolio credit insurance suits active exporters with consistent sales and the need for ongoing coverage.
  • New or occasional exporter
  • Transactions up to $500,000
  • Exploring new markets
  • Few customers
  • Fast and simple coverage online
  • Active exporter with consistent sales
  • Insure an unlimited number of customers
  • Flexible coverage with more policy options
  • Cover pre-shipment costs in case of contract cancellation

grant_single_labels|register

Here are the general steps to apply for credit insurance:
  • Step 1: Determine the Appropriate Insurance Plan (Select Plan/Portfolio Credit Insurance)
    • Assess whether Select Credit Insurance or Portfolio Credit Insurance is more suitable for your business based on your export frequency, market exploration, and coverage needs.
  • Step 2: Gather Necessary Information (Documentation)
    • Collect details of the transactions you want to insure, including the amount, customer details, and any relevant contracts.
    • Ensure you have financial statements or credit information if required.
  • Step 3: Access Online Application Portal (Register/Login)
    • Visit the insurance provider's website to access the online application portal.
    • Create an account or log in if you already have an account.
  • Step 4: Complete the Application Form (Fill Form)
    • Fill in the necessary fields in the online application form with accurate details about your transactions and company information.
    • Select the coverage details as per your determined needs from Step 1.
  • Step 5: Submit Application (Submit)
    • Review the information entered for accuracy.
    • Submit your application through the online portal.
  • Step 6: Confirmation of Submission (Receive Confirmation)
    • Receive a confirmation email or message indicating that your application has been received.
    • Keep this confirmation for your records and future reference.

grant_single_labels|documents

EDC — Credit Insurance

Apply to this program

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