Empower yourself. Take control of your finances.
We’re here to help our business members with information and access to financial relief options needed to support their business through these challenging times. The new Government of Canada HASCAP loan offers eligible businesses that have been negatively impacted by COVID-19 access to loans from $25,000 to $1,000,000 to help with their recovery.
A HASCAP loan is designed to provide financial support to businesses that have been hit hardest by the COVID-19 pandemic. It provided access to a non-revolving government guaranteed term loan from $25,000 to a maximum of $1,000,000.
The federal government has outlined the eligibility criteria that must be met for a business to apply for a HASCAP loan.
Applicants must be Canadian-based businesses that:
Business members must apply for a HASCAP loan through FirstOntario. We will ask applicants for a number of documents and details, including three years of accountant prepared financial statements.
HASCAP is available until December 31, 2021.