Loan Guarantee Program for Small and Medium Sized Enterprises (SMEs)

Export Development Canada (EDC) guarantees 80% of new loans to SMEs, up to $6.25 million, with a total program envelope of $20 billion. PBO estimates total net income of this measure to be $3 million in 2020-21. The time horizon for this costing is aligned to PBO’s current Economic and Fiscal Scenario, although there may be potential fiscal impacts for subsequent years.