Business Credit Availability Program (BCAP)

Business Development Canada

The federal government has announced $10 billion in funding for establishing a Business Credit Availability Program under the Business Development Bank of Canada (BDC) and Export Development Canada (EDC). This funding will be in the form of loans to support business operations, finance purchasing, and provide capital.  BDC will support businesses in getting bridge financing in the form of small business loans, working capital loans, or purchase order financing to help businesses weather the economic impacts of COVID-19. Visit the BDC’s landing page here.

The Business Credit Availability Program (BCAP) announced by the Finance Minister will be in the form of a working capital loan for any business that requires additional financing to get through this tough time. This working capital loan is meant to cover at least 6 months’ worth of operating expenses with flexible terms and rates. Clients should reach out to BDC (Business Development Canada), FCC (Farm Credit Canada) or EDC (Export Development Canada) for the next step and application process.

Loan Details: Up to $2 million, 3.30% floating rate, 12-months interest-only followed by 24 payments with 60% balloon payment at the end of the third year

For clients that do not yet have a BDC contact, below is the contact information for a few BDC account managers that we have worked with. Clients should reach out to any of the account managers below to discuss the next steps and loan application. For clients that have existing BDC financing, they should reach out to their BDC account manager as BDC will have a similar interest-only option for existing term facilities.

Marcus Schalle


Jeff Ho

604-909-3357 or 604-363-8694

Lee Reynolds


Chris Stearns