Commercial Business Banking relief
Supporting commercial businesses in our community
Key information on relief programs available for businesses.
The Business Development Bank of Canada Highly Affected Sectors Credit Availability Program (HASCAP)
The BDC HASCAP application period has been extended to March 31, 2022. This program provides access to a non-revolving government guaranteed amortizing term loan from $25,000 up to a maximum amount of $1,000,000. The program is intended to provide liquidity support to Canadian businesses facing economic hardship and demonstrated revenue decline as a result of the economic environment due to the COVID-19 Pandemic.
Please contact your Relationship Manager, or click here for program information.
Canada Emergency Business Account (CEBA)
The CEBA application period ended effective June 30th, 2021.
Please click here for program dates and details.
Questions about your existing CEBA loan? Learn more
Export Development Canada (EDC) Business Credit Availability Program (BCAP)
The EDC BCAP application period ended effective December 31, 2021. The program provided qualifying Scotiabank or Roynat clients access to a maximum 364-day operating credit or cash flow term loan (with possibility to renew for an additional 364 days) of up to $6,250,000.
Please contact your Scotiabank Relationship Manager for further information.
The Business Development Bank of Canada Business Credit Availability Program
The BDC BCAP application period ended effective December 31, 2021. The program provided access to a non-revolving amortizing term loan of up to $12,500,000. The program was intended to support bridging businesses’ operating expenses (i.e., payroll, rent, utilities, taxes and other fixed costs), until cash flows resume back to pre-COVID-19 conditions.
Please contact your Scotiabank Relationship Manager for further information.
The Business Development Bank of Canada (BDC) BCAP Mid-Market Financing Program
The BDC BCAP Mid-Market Financing Program application period ended effective December 31, 2021. It provided liquidity support to medium-sized Canadian businesses impacted by COVID-19 and whose credit needs exceed what is already available through the federal government’s Business Credit Availability Program (BCAP).
Please contact your Scotiabank Relationship Manager for further information.