The Government of Canada’s COVID-19 Economic Response Plan

The government continues to help Canadian businesses through the ongoing crisis. There are a number of options available for accessing credit to support you through to a more stable time.

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The Business Credit Availability Program (BCAP)

Loans up to $6.25m

Cover costs like rent, payroll, and other expenses

Available until December 31, 2021

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The Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee

100% guarantee

Loans range from $10,000 to $1m

Cover your operational cash flow

Available until December 31, 2021

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Did you know?

The Government of Canada is also providing support for businesses through the Job and Growth Fund, which is available through the various Regional Development Agencies:

  • Atlantic Canada Opportunities Agency (ACOA)
  • Canada Economic Development for Quebec Regions (CED)
  • Canadian Northern Economic Development Agency (CanNor)
  • Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
  • Federal Economic Development Agency for Northern Ontario (FedNor)
  • Prairies Economic Development Canada (PrairiesCan)
  • Pacific Economic Development Canada (PacifiCan)
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Other government support programs include

Canada Recovery Hiring Program (CRHP)

Canada Emergency Wage Subsidy (CEWS)

Canada Emergency Rent Subsidy (CERS)

Lockdown Support

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Can’t find the right solution to help your business out of the pandemic? There are several financial alternatives to could be the perfect solution for your business

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