EDC’S $750 million support to the oil and gas sector
NOTE: This opportunity has expired or is an event which has already taken place.

Available to small and medium-sized Canadian companies in the Oil & Gas is sector, to help them with financial solutions during 2016 and 2017. This amount is additional to existing support provided by EDC to the Oil & Gas Sector.
WHO BENEFITS?
Well-managed existing exporters or companies with contracts on hand and need to:
- Increase company productivity
- Diversify product offerings to new customers/industries
- Implement environmentally sustainable practices
WHAT IS THE CRITERIA?
Small and Medium-sized Companies:
- That have strong, experienced management
- A clearly documented survival plan. The survival plan should include a two year, monthly cash flow budget
- Evidence of banking support. Companies that maintain bank support are better positioned to succeed with EDC. It is important to note that EDC is precluded from offering straight refinancing support
- Companies with a signed, draft or final export contract who need working capital support to execute
- EDC support is provided on commercial terms and is not a grant or subsidy
WHAT DO I NEED TO APPLY?
Information requirements – need to submit all four below
- Senior management biographies highlighting experience in the sector.
- Business plan. Where available, include reports prepared by 3rd parties on company specific survivability or opportunities.
- Financial Statements – Three years of audited financial statement, if available and one year of projections, including cash budget with assumptions.
- Capital structure with discussion of recent shareholder support.
NOTE: Banks can apply on behalf of their Customers.
HOW DO I CONTACT EDC?
Please send an e-mail to contactwest@edc.ca with your name, brief description of company, telephone number and best time to reach you. A representative from an EDC office in Western Canada will respond within 24 hours of receipt of your message.