Highly Affected Sector Credit Availability Program (HASCAP)
February 04, 2021
|
Covid 19 Financial Relief Programs
February 04, 2021
|
Covid 19 Financial Relief Programs
The Government of Canada recently announced the creation of the Highly Affected Sector Credit Availability Program, or HASCAP, in connection with Business Development Bank of Canada (BDC), to help Canadian based businesses, such as those in the tourism, hotel, arts and culture and airline industries, who have seen their revenues decrease by 50% or more as a result of COVID-19.
Under the HASCAP, eligible business clients can apply for a non-revolving loan between $25,000 and $1 million. Loans can be interest-only for up to 12 months, with a maximum term and amortization of up to 10 years.
To apply, contact your BMO Relationship Manager.
For information on the program, visit the BDC website
.
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The Government of Canada recently announced the creation of the Highly Affected Sector Credit Availability Program, or HASCAP, in connection with Business Development Bank of Canada (BDC), to help Canadian based businesses, such as those in the tourism, hotel, arts and culture and airline industries, who have seen their revenues decrease by 50% or more as a result of COVID-19.
Under the HASCAP, eligible business clients can apply for a non-revolving loan between $25,000 and $1 million. Loans can be interest-only for up to 12 months, with a maximum term and amortization of up to 10 years.
To apply, contact your BMO Relationship Manager.
For information on the program, visit the BDC website.
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