What is being done to ensure better access to credit for mid-size and large retailers?
The federal Business Credit Availability Program (BCAP) and the Large Employer Emergency Financing Facility (LEEFF) provide eligible mid-size and large retailers with government-backed credit solutions.
Onboarding under the EDC Loan Guarantee from the Business Credit Availability Program (BCAP) is closed as of December 31, 2021.
Additional options for eligible retailers include the Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee and an EDC Small Business Loan.
For more information on BCAP, see the BDC and the EDC.
For more information on LEEFF, see the federal COVID-19 Economic Response Plan.