Please note that our business centres are open by appointment only and all visitors are required to be fully vaccinated to visit BDC offices. If you are a BDC client, please contact your BDC representative directly or log in to your Client Space account. If you are an entrepreneur seeking assistance, we invite you to write or call us at 1-877-232-2269, weekdays from 8 a.m. to 6 p.m. (ET).
Is this the right financing for my business?
These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19.
Up to $1 million
The guarantee covers amounts ranging from $25,000 to $1 million to ensure a degree of continuity for your business through the pandemic.
Guaranteed loans
The Government of Canada has mandated BDC to provide a guarantee to your financial institution for 100% of the value of a new term loan, to increase your company’s ability to access new credit.
Flexible and competitive terms
Benefit from a 4% interest rate and a repayment term of up to 10 years.
Up to a 12-month postponement of principal payments at the start of the loan.
How to apply
Contact your primary financial institution to find out more. Important: You can apply at one financial institution only.
Consult the list of participating financial institutions
Program dates
The HASCAP Guarantee is available until March 31, 2022 (extended).
Contact your primary financial institution to apply for this loan. Your primary financial institution is responsible for managing this program, only it can provide a status on your application. BDC cannot access the details of your request. The program is now available at the following participating financial institutions.
Is my business eligible?
Eligibility requirements
Your primary financial institution will determine whether you qualify for this program, based on the eligibility criteria established by the Government of Canada.
Neither BDC nor your financial institution has the authority to grant exceptions to eligibility criteria.
One-page HASCAP Guarantee reference sheet
Download this one-page HASCAP Guarantee reference sheet and have it on hand to help guide your conversation, as you explore ways that the guarantee can help your financial institution consider your request.
HOW DO I APPLY?
Contact your primary financial institution to apply
The program is now available at participating financial institutions.
The list will be updated regularly.
Looking for a different financing solution for your business?
Program statistics to date
Total cumulative number of loans through HASCAP.
13,696
Loans*
$3,083.8M
*Non audited summary data as of December 31, 2021
Frequently asked questions
Here are some answers to questions you may have about the HASCAP Guarantee.