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Ask your lender if TELP is a good fit for your financing needs. If your financial institution doesn’t offer TELP, they can still work with EDC to find other ways to support your growth.
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Access more working capital from your financial institution
The Trade Expansion Lending Program (TELP) is a guarantee that helps you access more working capital from your financial institution. EDC shares the risk with your lender by guaranteeing part of your loan or line of credit, allowing them to offer the credit conditions you need to grow.
Enter new markets
Streamline cash flow
Grow your business
TELP is typically the fastest and easiest way for EDC to help increase your access to working capital. With a guarantee like TELP in place, your financial institution can offer you a larger loan or line of credit.
Growing your business but struggling with cash flow? Learn how to get the best financing options from your lender with our free guide.
Step 1 1
Ask your lender if TELP is a good fit for your financing needs. If your financial institution doesn’t offer TELP, they can still work with EDC to find other ways to support your growth.
Step 2 2
TELP is delivered by approved financial institutions, making it easier to apply and faster to process.
Step 3 3
Once your application is approved, you can access your funds through your financial institution.
TELP allows you to access more working capital, enabling you to take on larger projects, enter new markets and invest in your company’s growth without the stress of cash flow issues. You can use your additional capital to:
The TELP application is designed to be straightforward, but processing time can vary depending on your financial institution. It’s best to check with them for specific timelines.
If your financial institution doesn’t offer TELP, they can still work with EDC or one of our partners to find other ways to support your growth. Ask your financial institution to call EDC at 1-800-229-0575 to discuss how we can work together to meet your business needs.
We’re here to help.
Contact us using the link below or call us at 1-800-229-0575.
Contact EDC