Small Business relief

Supporting small businesses in our community

Key information on relief programs available for small businesses.

The Business Development Bank of Canada Highly Affected Sectors Credit Availability Program (HASCAP)

HASCAP was a federal loan guarantee program administered by Business Development Bank of Canada (BDC). The program provided additional liquidity to Canadian businesses facing economic hardship due to COVID-19. HASCAP offered non-revolving government guaranteed term loans from $25,000 and up to $1,000,000. The application period ended on March 31, 2022. HASCAP loans have a maximum amortization of 10 years including any interest only payment period.

Please contact your Scotiabank Small Business Advisor, Branch Manager, or click here for program information.

Canada Emergency Business Account (CEBA)

The CEBA application period ended effective June 30th, 2021.

Please visit the Government of Canada’s CEBA website for current program dates and details, including up to date information on Program Repayment Deadlines.

Questions about your existing CEBA loan? Learn more

The Business Development Bank of Canada Business Credit Availability Program

The BDC Co-Lending program was a federal loan guarantee program administered by Business Development Bank of Canada (BDC). The program provided access to working capital to eligible businesses that were impacted by COVID-19. The program offered non-revolving term loans of up to $1,000,000 to eligible businesses. The applications period ended on Dec 31, 2021.

Please contact your Scotiabank Small Business Advisor or Branch Manager for further information.

Direct Deposit for Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS)

Direct deposit is a fast, secure and convenient way to receive your Canada Emergency Wage Subsidy payments. Using Scotia OnLine, mobile banking or ScotiaConnect you can quickly enrol your eligible business account for direct deposit in a few easy steps.

Learn more

Small Business FAQs

Find answers to our most frequently asked questions for small businesses.

If your business experiences hardship, please contact your Small Business Advisor, Branch Manager, Agriculture Specialist, or Healthcare & Professional Specialist.

We will work with you individually to offer advice and assistance with liquidity and financial covenant relief, including temporary lending payment deferrals or other forms of short-term support to customers who meet required qualifications.

You can complete your small business banking needs with the following options available:

Visit Scotia OnLine banking to complete many of your everyday and small business banking needs through online banking and the Scotia mobile banking app available in the App Store or Google Play.

If you are not currently registered for Scotia OnLine banking, please visit Scotiabank.com/digital for resources on how to register for Scotia OnLine banking and the Scotia mobile banking app.