Committed to helping Canadian businesses grow

Exportbank’s (EBC) commitment to the government is to help Canadian businesses succeed in this country and around the world. Since 1974, we’ve funded over 20,000 invoices and contracts and served as that all important source of stable cash flow for companies just like yours. Our mandate is to help your business receive the financing you need to grow. We use receivable insurance from Export Development Canada to remove the stress and risk of non-payment by your customers.

To learn more go to EDC

What do we do?

The majority of our clients use us to factor their invoices or to arrange purchase order financing. These two services are what most Canadian business owners and CFOs need. If you require other liquidity assistance, we can point you in the right direction because we know where the funding sources are.

How to start

Send an introductory email, letter or use our online form. Include...

• Your business name, your name and contact information
• A brief description of your business and what you need from EBC
• Your monthly sales
• If your customer is not in Canada, provide the country your customer is in and the currency of the transaction (CDN, USD, Euro etc.).
• Email gary@exportbank.ca, fax 1.800.598.6222 or call 1.800.808.8802.

If you require a financial product or service that we do not offer, we’ll help you find a financial institution that can assist. Exportbank specializes in solutions.

EBC can assist your company with mergers and acquisitions. We also offer Sovereign Debt Restructuring workouts and debt and pension restructuring to all governmental levels. Call our Private Banking department at 1 800 249-6284. We have associated offices in 14 countries.

What is factoring?

You’ve sold products or supplied services or intellectual property and now you’re ready to invoice your client. We will advance you funds against that invoice based on the good credit of your customer. You get paid right away and we get paid by your customer. For the long explanation on factoring follow this link.

What is the cost?

For ongoing transactions, we can offer discount rates as low as 1.5%. For very large dollar volumes, we can implement a prime plus pricing model. For smaller volumes, the cost varies based on the size of the transaction and how long it takes your customer to pay. The cost is about the same as if you charged the transaction on a credit card and carried the balance.

Private Banker

We act as a private banker in business transactions. Our website is a reflection of our philosophy - simple and to the point. Just call 1 800 808-8802 or email us. We’re very good at responding. If you’re outside North America, call 1 519 729-4279.

Letter of Credit & Sight Draft

EBC specializes in short term funding of invoice receivables. These invoice terms generally do not exceed 90 days and do not utilize Letters of Credit or Sight Drafts. If you require this type of service, we recommend that you contact your Scotiabank office. If you would like an introduction to your local Scotia banker, we can do that for you.

Here is a PDF document explaining these instruments from Scotiabank.

↑ BACK TO TOP | Next Page: About Exportbank Canada ›