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Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee

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The HASCAP Guarantee provides a guaranteed, low-interest loan to small and medium-sized businessess that have experienced a 50% or greater loss of revenue due to the COVID-19 pandemic.

 Terms and conditions of the loan:

  • Amount ranging from $25,000 to $1M
  • Interest rate of 4%
  • Repayment term of up to 10 years
  • 12-month postponement of principal payments at the start of the loan

 Company's main eligibility requirements:

  • Be based in Canada
  • Have been financially stable and viable prior to the current economic situation
  • Have received payments either from the CEWS or the CERS
  • Not use the loan to pay or refinance existing debts.

The HASCAP Guarantee is available until June 30, 2021.

Application for the loan must be made through your financial institution.

Conditions apply.

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