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Financing

The rewards of exporting - increased sales and expanding markets - can at first put a strain on your finances. Many exporters seek out external financing to support this activity. Depending on the stage you are at in the export cycle, various solutions may be available.

Hire international trade expertise

Are you new to exporting and feel you would benefit by hiring someone with trade experience? Some programs can help you hire the expertise you need.

• Export Internship for Trade Graduates
  
  http://www.canadabusiness.ca/eng/summary/857/
  Applies to: Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island
  Hire a graduate with exporting know-how under this wage subsidy program.
• Small Business Internship Program
  
  http://www.canadabusiness.ca/eng/summary/1050/
  Applies to: All of Canada
  You could get money to hire a student to help you implement e-business practices and technologies that can increase your sales and productivity.
• Export Help! Program
  
  http://www.canadabusiness.ca/eng/summary/4783/
  Applies to: Prince Edward Island
  You could receive up to $5,000 to hire a consultant to provide you with export advice.

Market and sell abroad ↑ top of page

Whether you are researching new markets, promoting your business at trade shows or joining a trade mission, finding new markets can be a costly endeavour. You may be travelling more, need translation services or help with international contracts. Your buyer may request the best terms possible or want guarantees in place.

• Export Development Canada
  
  http://www.edc.ca/english/index.htm
  If you are seeking international opportunities, this export credit agency can provide insurance and financial services, and other small business solutions.
• Business Development Program
  
  http://www.canadabusiness.ca/eng/summary/943/
  Applies to: New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island
  Access funds to start, expand or improve your business in Atlantic Canada.
• BDC Market Xpansion Loan
  
  http://www.canadabusiness.ca/eng/summary/1052/
  Applies to: All of Canada
  Get financing to help you explore new domestic or foreign market opportunities.
• BDC Subordinate Financing
  
  http://www.canadabusiness.ca/eng/summary/1207/
  Applies to: All of Canada
  An alternative way to finance the growth of your profitable business
• BDC Financing
  
  http://www.canadabusiness.ca/eng/summary/1049/
  Applies to: All of Canada
  You could get money to help you start or grow your business.
• BDC Venture Capital
  
  http://www.canadabusiness.ca/eng/summary/935/
  Applies to: All of Canada
  An alternate source of funding for your technology-based business.
• Community Business Development Corporations Business Loans Programs — Atlantic Provinces
  
  http://www.canadabusiness.ca/eng/summary/1063/
  Applies to: New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island
  You could get up to $150,000 to start or grow a business in rural areas of Atlantic Canada or to get new technology to modernize it.
• Canada Book Fund
  
  http://www.canadabusiness.ca/eng/summary/1999/
  Applies to: All of Canada
  You could receive financial assistance for your Canadian book publishing business.
• NextGen Biofuels™
  
  http://www.canadabusiness.ca/eng/summary/1420/
  Applies to: All of Canada
  If your business produces biofuel (ethanol or biodiesel) using the latest technologies, and your product has been successfully tested, you could get money to help market it.
• NORTHSTAR Trade Finance Inc.
  
  http://www.canadabusiness.ca/eng/summary/1222/
  Applies to: All of Canada
  Your foreign customer can get financing to purchase your products and services.
• MUSICACTION
  
  http://www.canadabusiness.ca/eng/summary/1058/
  Applies to: All of Canada
  If you are a French language recording business, songwriter, composer or artist, you may be eligible for financing.
• FACTOR Programs for the Recording Industry
  
  http://www.canadabusiness.ca/eng/summary/1284/
  Applies to: All of Canada
  If you have a recording business or if you are a song-writer, composer or musician and record in English, you could get money for your business.
• Marketing Support Program
  
  http://www.canadabusiness.ca/eng/summary/2989/
  Applies to: Prince Edward Island
  You could obtain financial assistance for marketing costs from start-up through to international exporting.
• BDC Growth Capital for Aboriginal Business
  
  http://www.canadabusiness.ca/eng/summary/937/
  Applies to: All of Canada
  Find out how you could get money to help start or grow your Aboriginal business.
• Aboriginal Business Canada
  
  http://www.canadabusiness.ca/eng/summary/961/
  Applies to: All of Canada
  Apply for financing to start or expand your Aboriginal business.

Boost your working capital ↑ top of page

Increasing production to meet export orders can eat up your working capital. You may have export orders, but need some cash to get by until your buyer pays you. Other expenses can eat away your working capital, such as getting help from international law specialists. Solutions exist to help you out.

• EDC Accounts Receivable Insurance
  
  http://www.canadabusiness.ca/eng/summary/1102/
  Applies to: All of Canada
  Insure up to 90% of your export business against a number of commercial risks.
• Aboriginal Business Canada
  
  http://www.canadabusiness.ca/eng/summary/961/
  Applies to: All of Canada
  Apply for financing to start or expand your Aboriginal business.
• Business Development Program
  
  http://www.canadabusiness.ca/eng/summary/943/
  Applies to: New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island
  Access funds to start, expand or improve your business in Atlantic Canada.
• Factoring Arrangements
  
  http://www.edc.ca/EN/Our-Solutions/Free-Up-Working-Capital/Pages/factoring.aspx
  Financial institutions may be willing to buy your export account receivables, if these are insured with Export Development Canada.

Reduce your financial risks ↑ top of page

There are ways to reduce your risks without losing on a good opportunity to grow your business. In some cases, bringing down these risks may even increase your odds of getting financing from traditional banks and institutions.

• Insurance solutions
  
  http://www.canadabusiness.ca/eng/summary/1582/
  Applies to: All of Canada
  Find export-related insurance that can lessen the risks of doing business overseas and help you increase your working capital.

Find private sector financing ↑ top of page

There are a wide variety of different private sector organizations that may provide financing to meet your needs.

• Sources of private sector financing
  
  http://www.canadabusiness.ca/eng/guide/209/
  Find out about the debt and equity financing available from the private sector for your business needs.