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Highly Affected Sectors Credit Availability Program (HASCAP)

What is it?

The Highly Affected Sectors Credit Availability Program (HASCAP) was created for business heavily impacted by COVID-19 to access guaranteed, low-interest loans of $25,000 to $1 million to ensure your business can continue to operate. The Government of Canada guarantees your access to this loan, which is offered through your own financial institution. HASCAP offers a low interest rate of 4% and a repayment term of up to 10 years.


  • Must be a Canadian-based business

  • Your business must have been financially stable and viable prior to the current economic situation

  • A revenue decline of at least 50% in three months (not necessarily consecutive) out of the eight months prior to the date of the HASCAP application

  • Must have previously applied for either the Canada Emergency Wage Subsidy or the Canada Emergency Rent Subsidy

  • Loan must be used to resume or continue operations,

  • Loan cannot be used to pay or refinance existing debt

  • You can apply for a HASCAP loan for each legal entity you own (up to a maximum combined amount of $6.25 million)

How to Apply

Apply through your primary financial institution

Applications open February 1, 2021 until June 30, 2021

For more details, visit the BDC website


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