(COVID-19) Highly Affected Sectors Credit Availability Program (HASCAP)
“Business Development Bank of Canada (BDC)”
$1,000,000.00
Maximum Eligible Amount
Repayable Contribution
Fund Type
Businesses heavily impacted by COVID-19 can access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs.
This stream would offer 100 per cent government-guaranteed financing for heavily impacted businesses, and provide low-interest loans of up to $1 million over extended terms, up to ten years. Rates will be lower than those offered in Business Credit Availability Program (BCAP) and beneath typical market rates for hard hit sectors.
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