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Energy Sector Credit Support

BDC Oil and Gas Sector Financing

  • For Canadian-based oil and gas producers, oilfield service companies and midstream providers
  • Funds to be used for operational cashflow and business continuity purposes
  • Qualifying businesses must have been financially viable prior to the current economic environment
  • Qualifying businesses must have been financially viable prior to the current economic environment
  • Offered at commercial rates, repayable within 4 years

Reference: https://www.bdc.ca/en/pages/special-support.aspx?special-initiative=covid19

EDC Oil and Gas Sector Financing

  • EDC will increase its financial capacity over 12 months to support Canada’s oil and gas sector.
  • This business support will be provided through EDC’s lending, bonding and accounts receivable insurance products.
  • For those wishing to access support, they are encouraged to reach out to their financial institution.

Reference: https://www.edc.ca/en/about-us/newsroom/covid-19-oil-gas-support.html