Loan
Federal
Active
EDC — Export Guarantee Program (EGP)
Export Development Canada (EDC)
Loan Range
Guarantees up to US$25 million to the financial institution; a...
Ongoing
Difficulty
Moderate
Payment
Loan
Trend
Growing
First-Timers
—
Financing share
Varies
EDC — Export Guarantee Program (EGP) provides up to Guarantees up to US$25 million to the financial institution; a customer's TOTAL EGP coverage, across one or multiple guarantees, is capped at US$25 million. The EGP allows EDC to guarantee 75–100% of a working capital loan or revolving credit facility at your Canadian bank, enabling the bank to extend more credit to support your export operations. Applications are accepted on an ongoing basis.
Approval odds: ~60–75% (GrantCompass analysis)
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Eligibility & Details
What this program funds and who can apply
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Program Description
The EGP allows EDC to guarantee 75–100% of a working capital loan or revolving credit facility at your Canadian bank, enabling the bank to extend more credit to support your export operations. Exporters use it to finance pre-shipment inventory, production costs, and receivables tied to international contracts without providing additional collateral.
Eligibility Requirements
- Registered Canadian business with current export activity or firm export plans
- Must have an existing banking relationship with a Canadian financial institution that offers EDC guarantees (RBC, TD, BMO, Scotiabank, CIBC, National Bank, and others)
- Export contract or firm order from a foreign buyer required
- Letter of intent from a foreign buyer may substitute for a signed contract in some cases
- Company must meet EDC's environmental, social, and governance (ESG) standards
- Financial institution must agree to participate in the EGP for this facility
- Country risk of the export destination must be acceptable to EDC
Provinces
Industries
Business Stage
Quick Assessment
Difficulty
Moderate
Competition
Low
First-Timer
Not rated
Funding Details
- Amount
- Guarantees up to US$25 million to the financial institution; a customer's TOTAL EGP coverage, across one or multiple guarantees, is capped at US$25 million
- Type
- Loan
- Level
- Federal
- Deadline
- Ongoing
Program Scorecard
Competition, effort, and approval at a glance
Competition
Low
Deadline
Ongoing
Approval
Moderate
Approval Rate
~60–75%
Accessibility
--/5
Competition
--/5
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What's in this Playbook
Everything you need to secure EGP
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 6 rejection pitfalls reviewers flag — so you catch them first
- 7-document checklist with what each reviewer is actually checking
- 5-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 5-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what lenders look for
$19 covers this one program. $39/mo covers every program, plus the workspace that walks you through each application.
How to qualify
Insider tips, common pitfalls, and what successful applicants look like
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Insider TipEGP is accessed entirely through your bank — EDC does not accept direct applications.
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See what trips up most applicants for this program — and how to avoid it.
Rejection Pitfalls 6
- Business has no export activity and no firm export orders
+5 more pitfalls
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Success Profile
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Evaluation Criteria
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Don’t lose this one to a preventable rejection
6 reasons applications get rejected, what approved applicants look like, and exactly what lenders look for
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Application Playbook
Step-by-step process, required documents, and expenses
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5 steps
7 docs
Application Steps
1
Contact Your Bank Speak with your business banking relationship manager at your Canadian financial institution. Ask them to explore the EDC Export Guarantee Program for your export financing needs. All major Canadian banks and many credit unions participate in the EGP.
Required Documents 7
✓ Company financial statements (2–3 most recent fiscal years)
✓ Details of export contracts or firm orders from foreign buyers
Eligible Expenses 5
Ineligible Expenses 5
Deadline Notes
Ineligible Organizations
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
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5 partners
Compatible Programs
Combined Funding Potential
See your total funding potential
Clawback Risk
Low Risk
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How EGP Compares
Side-by-side with similar programs
Free
| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| EDC — Export Guarantee Program (EGP) | Guarantees up to US$25 million to... | Moderate | Loan | Ongoing |
| CanExport SMEs | Up to $50,000 | Moderate | Mixed (Advance + Reimb.) | Applications accepted... |
| NRC IRAP Clean Technology Program | $100,000–$500,000 | Hard | Mixed (Advance + Reimb.) | Ongoing |
| Strategic Response Fund (formerly Str... | Minimum $10 million contribution | Hard | Mixed (Advance + Reimb.) | Ongoing — continuous... |
| Innovative Solutions Canada | up to $150,000 | Hard | Milestone-Based | Challenge-specific — new... |
Related Programs
Other programs you might be eligible for
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Frequently Asked Questions
Quick answers to the questions founders most often ask about EGP
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Is EGP a grant?
No — EGP is a bank guarantee instrument. EDC backstops your bank's risk so they can lend you more working capital. You repay the bank loan on normal commercial terms. No free money involved.
How do I apply?
Through your bank only — EDC does not accept direct EGP applications. Ask your business banking relationship manager to initiate an EGP inquiry with EDC.
Do I need a confirmed export contract to apply?
Generally yes — a firm order or signed contract from a foreign buyer is required. A letter of intent from a foreign buyer may be accepted in some cases. EDC needs evidence of genuine export activity.
Can I combine EGP with CanExport or IRAP?
Yes — EGP is a commercial transaction, not government assistance, so it does not count toward the 75% stacking cap. You can layer it freely alongside CanExport, IRAP, SR&ED, and provincial export grants.
What is the Trade Impact Program?
An additional $5B in EGP capacity announced March 2025 specifically for Canadian exporters affected by U.S. tariff uncertainty. Same application process — ask your bank if your situation qualifies.
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Full Playbook: EGP
5 steps · 7 docs · reviewer insights