Smarter Loans Inc. is not a lender. Smarter.loans is an independent comparison website that provides information on lending and financial companies in Canada. We work hard to give you the information you need to make smarter decisions about a financial company or product that you might be considering. We may receive compensation from companies that we work with for placement of their products or services on our site. While compensation arrangements may affect the order, position or placement of products & companies listed on our website, it does not influence our evaluation of those products. Please do not interpret the order in which products appear on Smarter Loans as an endorsement or recommendation from us. Our website does not feature every loan provider or financial product available in Canada. We try our best to bring you up-to-date, educational information to help you decide the best solution for your individual situation. The information and tools that we provide are free to you and should merely be used as guidance. You should always review the terms, fees, and conditions for any loan or financial product that you are considering.
At the core of our mission is our unique ability to use our knowledge of international trade and global buyers to enable us to take on and manage significant levels of risk.
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, they equip Canadian companies with the tools they need – trade knowledge, financing solutions, equity, insurance, and connections – to take on the world with confidence.
Smarter Loans is working with EDC to bring Canadian business owners nationwide expert knowledge on exporting and selling goods and services abroad.
HAVE AN EXPORT-RELATED QUESTION?
EDC’s Export Advisors can help your Canadian company by navigating you to available resources, sharing contacts of other organizations that can help, so that you can move forward confidently in your export journey. Export Help is a free navigational service for Canadian companies that have trade-related questions. While EDC might not have every answer, they are committed to point you in the right direction with helpful information, resources, and contacts.
EXPORT-RELATED CAPITAL NEEDS
EDC can help you access additional financing to support export-related activities with direct loans or by working with your bank to guarantee loans for buying equipment, financing work-in-progress or working capital needs.
PROTECT AGAINST CHANGING DOLLAR
If you want to purchase a foreign exchange contract, Financial Institutions usually ask for collateral. EDC guarantees can satisfy that demand.
MAKE SURE YOU GET PAID
EDC’s insurance solutions protect against a range of risks such as a customer’s inability to pay, political instability and sudden contract cancellation. Our flexible coverage is available for a single customer, an entire book of receivables, or foreign affiliates. The insurance can also be used to offer your customers better payment terms and free up bank operating lines by providing insurance as collateral.
FINANCE INVESTMENTS IN OTHER MARKETS
If you want to invest in another market, perhaps by setting up a local office or acquiring an existing business, EDC can provide financing support, as well as insurance to protect against political risks.
FOREIGN BANK CREDIT & FINANCING
If you need to secure an operating line of credit, obtain letters of guarantee, or meet landlord/lease obligations, a foreign bank will usually ask for collateral. EDC’s guarantees can satisfy this demand.
EDC can work directly with your company or partner with your financial institution to provide additional credit capacity and working capital, so you can take on the world.
POST A BOND WITHOUT TYING UP CASH
Financial Institutions usually demand collateral to post a bond on your behalf, tying up cash flow. EDC’s bonding guarantee solutions can free up operating lines to keep your business running smoothly.