Financing Exports - Sources of Export Financing

Sources of Export Financing

Exporters can explore a number of possible federal, provincial, and private-sector sources of export financing to start or support ongoing exporting operations and to help minimize financial risk. Below are some options to start with:

Canadian Commercial Corporation

The Canadian Commercial Corporation (CCC) is an export sales agency of the Government of Canada which is involved in facilitating and structuring export sales on behalf of Canadian companies. In order to increase trade, CCC helps foreign government buyers benefit from Canada's export capabilities through the negotiation and execution of government-to-government contracts. CCC accomplishes this by building unique relationships and maintaining international contracting and procurement expertise.

The Corporation focuses on sectors where there is a clear role for government: operating in sectors that are sensitive or are outside of the World Trade Organizations' (WTO) disciplines, such as defence, and where foreign governments require additional capacity to undertake complex and timely procurements, namely in emerging and developing country markets.

The International Prime Contractor Solution is an effective business solution for selling to government customers around the world. The International prime contractor solution offers a Government guarantee of contract performance and the government-to-government options that become possible when Canadian Commercial Corporation (CCC) acts as prime contractor on your sale.

Export Development Canada

Export Development Canada (EDC) is Canada's export credit agency, offering innovative financing, insurance and risk management solutions to help Canadian exporters and investors expand their international business.

EDC is a Crown corporation wholly owned by the Government of Canada. It is financially self-sustaining and operates on commercial principles. EDC provides insurance and financial services, bonding products, and small business solutions to Canadian exporters and investors. It also provides online credit risk management tools.

EDC offers export finance and a broad range of risk management services to exporters operating in any sector of the economy and generally looks for at least 50% Canadian content.

Access to cash is one of the greatest barriers to growth experienced by Canadian companies who export. EDC has a number of solutions, offered in conjunction with your financial institution, which will increase your ability to access working capital.

EDC's Accounts Receivables Insurance protects Canadian businesses against non-payment by U.S. and foreign customers.

IFInet

International Financing Information Network (IFInet) is a website providing information to help Canadian companies prosper in the multi-billion dollar development business market. From the World Bank to the United Nations, from health sector reform to wastewater treatment, IFInet can provide you with the information you need to compete in the development business market.

The System provides Canadian exporters with information about international business opportunities funded by the International Financial Institutions (IFIs) such as the World Bank and major Regional Development Banks.

NORTHSTAR Trade Finance Inc.

NORTHSTAR Trade Finance Inc. supports exporters of small and medium Canadian enterprises by financing export sales of $100,000 to $5,000,000, with repayment terms of one to five years.

NORTHSTAR Trade Finance Inc. supports Canadian exporters by offering financing to credit worthy foreign buyers of eligible Canadian goods and services. NORTHSTAR complements Export Development Canada (EDC) export financing services.