Canadian Federal Government Support: Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee | Practical Law
On January 26, 2021, Canada's Minister of Small Business, Export Promotion and International Trade announced the Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee which is directed to businesses highly impacted by the 2019 novel coronavirus disease (COVID-19). Under the Program, eligible businesses can access guaranteed, low interest loans of $25,000 to $1,000,000 to continue or resume operations. Businesses have until December 31, 2021 to apply.