The government of Canada has announced the Highly Affected Sectors Credit Availability Program (HASCAP).
Through the HASCAP, the Business Development Bank of Canada (BDC) will be working with participating Canadian financial institutions to offer government-guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs.
HASCAP is available to businesses in all sectors that have been hit hard by the pandemic, including restaurants, businesses in the tourism and hospitality sectors, and those that rely on in-person service.
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