Small business exporters have a new opportunity to purchase a foreign receivables factoring service from Export Bank (a service of elanbancorp) that will be insured by Export Development Canada (EDC).
"By joining forces with Exportbank, we can help Canadian companies increase their competitiveness" says Ruth Fothergill, EDC regional vice-president, Ontario. "In essence, we are trying to encourage more small- and medium-sized businesses to leverage the tremendous opportunities offered by foreign markets."
Source: BCR
