Lender
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

EDC PayOff

Advertiser Disclosure

Repayment of loan

Types of repayment, supported repayment forms, etc., should be inquired directly with EDC. If the guarantee is utilized, you will need to clarify these details with your immediate lender, who has used the EDC guarantee as an additional guarantee that the loan will be adequately serviced and repaid.

Conditions of loan extension

Loan and renewal terms must be obtained from EDC in all cases.

Note: All lenders support negotiations before the collection process, and there is a way to find a solution if the borrower is cooperative.

Early payoff

For more information on the repayment process, contact EDC. As a rule, lenders allow early repayment in accordance with general practice.

EDC repayment

FAQ

How do I make payment to EDC?

The account information and repayment procedure must be specified in the loan agreement. In addition, this information can be provided by EDC staff before the documents are signed.

What happens if you don't pay back to EDC?

The loan obligation must be fulfilled; otherwise, the borrower will face legal consequences and collection.

Can you pay EDC early?

In accordance with standard lending practice, it is usually possible to make an early repayment. However, the exact procedure must be requested from EDC.

Can EDC sue you?

EDC may use legally permissible methods to collect debts from its borrowers.

Financial products
EDC
Direct financing of business
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
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1000
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

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$500-$50,000
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Effective interest rate on the product

up to 39.99%
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Loan term for the financial product

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Lending Loop
Business loan
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Effective interest rate on the product

up to 24.93%
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up to 60 months
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$300,000
Rate
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Effective interest rate on the product

set individually
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Loan term for the financial product

up to 24 months
Farm Credit Canada
Equipment Financing
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Recommended FinScore™
0
300
650
1000
Spring Financial
The Foundation
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $1,500
Rate
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Effective interest rate on the product

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