Business Loans

Highly Affected Sectors Credit Availability Program (HASCAP)

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COVID relief: Access to flexible, low-interest loans for the hardest-hit Canadian businesses

The Highly Affected Sectors Credit Availability Program (HASCAP) helps hard-hit small businesses—those whose revenues have decreased by 50% or more due to COVID-19—with low-interest loans over an extended term to help manage business continuity expenses.

ATB partnership with BDC to offer the HASCAP Relief Program

Low-interest loans up to $1 million

HASCAP provides liquidity support for qualifying Canadian businesses with a non-revolving government guaranteed term loan of $25,000 to $1 million CAD.

Flexible and competitive terms

ATB business banking clients can benefit from a low interest rate loan with up to 10 years to repay.

BDC HASCAP product features

Amount Term loans ranging from $25,000 to $1 million CAD for each legal entity you own, up to a maximum combined amount of $6.25 million (all legal entities combined). Maximum loan amount for each legal entity is dependent on business size.
Interest Rate fixed: 4%
Term Amortization up to 10 years
Repayment No principal repayments for 12 months from the date of loan advance

Apply for HASCAP

If you have an ATB team member you regularly deal with, please reach out to them for assistance. If not, our Client Care Team is available to help.

Frequently Asked Questions

To qualify, ATB business clients will need to meet the following requirements:

Your business will be required to provide 3 CRA attestation forms demonstrating the required revenue decline. Other support documents such as financial statements might also be needed to process your application.

Program deadline for applications is March 31, 2022.

This program is available to Canadian businesses from all sectors that meet the HASCAP Guarantee eligibility criteria.

The HASCAP is intended to help with short-term liquidity and working capital needs (e.g., recurring operating expenses, buying inventory, meeting accounts payable, covering delayed receivables or other needs due to cyclical cash flow).

It is not intended for debt repayment (outside of normal monthly payments) or refinancing.

BDC is Canada’s bank for entrepreneurs. Given this unique purpose, the Government of Canada has mandated BDC to partner with financial institutes to offer the HASCAP Guarantee to qualifying businesses impacted by the current pandemic through financial institutions.

Need help?

Our Client Care team will be happy to assist.

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