News & Articles - Business Development Bank of Canada

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    Feds Launch Program that Provides Financial Aid to Hard-Hit Businesses

    Eligible businesses can now start applying to the Highly Affected Sectors Credit Availability Program (HASCAP). Announced Jan. 26, the program provides financial support to businesses across the country, in all sectors, that have been hardest hit by the pandemic. This includes restaurants, businesses in the tourism and hospitality sectors, and those that rely on in-person service. Through HASCAP, the Business Development Bank of Canada will work with participating Canadian financial institutions to offer government guaranteed, low interest loans of up…

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