Commercial Business Banking relief
Supporting commercial businesses in our community
Key information on relief programs available for businesses.
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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.
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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
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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.
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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.