Trade Expansion Lending Program
Expand beyond Canadian borders with the Trade Expansion Lending Program (TELP), offered in partnership with Export Development Canada (EDC).
How TELP can support your business
Reach new markets faster
Access additional financing to cover sales in a new market, build capacity to meet projected demand and finance upfront costs for your international contracts.
Support your international investments
TELP may increase how much you can borrow so you can get the financing you need to set up an office in another country.
Manage your cash flow
Get the confidence you need to take on new international contracts knowing you have sufficient cash flow.
How TELP works
We’ve partnered with EDC to help your business expand outside of Canada.
Here's how:
EDC shares the risk on your operating line with BMO so that you get additional access to working capital.- You get the financing you need to increase your international sales.
Is TELP a good fit for your business?
TELP might be a good option if you own a Canadian company that:
- Sells goods or services outside of Canada (including to the United States)
- Supplies Canadian buyers who then directly export the goods or services
- Has a signed international contract
You might be interested in these articles
5 tips for expanding your business with cross border trade
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Planning your cash flow
Planning your cash flow is not a task you can afford to leave to others. Only you know all the assumptions you make in operating your business. Although your accountant can provide assistance, it’s important that you are familiar with the process.
How to import goods into Canada and grow your business
Discover the major advantages and disadvantages of importing and exporting for small businesses, including finding markets and suppliers.
Ready to take your business to the next level?
Come into a branch
Book an appointment at a BMO branch near you. We’re happy to discuss your business goals in person.
Email us
Send us an email if you have any questions about TELP or if you’re ready to apply.
