From: Export Development Canada (EDC), By: Jose Recinos, Senior Trade Advisor, March 24, 2020
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Securing financing for international growth is one of the biggest challenges Canadian companies face. But with the right working capital solutions, you can go far.

In fact, nearly 30% of all Canadian service exporters say they’re ready to take on new lucrative opportunities over the next two years.

Here are five ways working capital can help your business grow:

Diversify: Get financing to explore international sales opportunities or invest in new markets.
Build capacity: Take on foreign contracts that require you to hire more talent or purchase new equipment.
Expand operations: Acquire a foreign company, open a new international office, or expand your existing operations in a foreign market.
Manage work in progress: Meet current financial demands and still have room to take on the next opportunity.
Avoid a cash crunch: Manage up-front costs for international contracts while waiting to get paid.

Learn how EDC can help your business access more money with working capital solutions.