Facebook Linkedin

Sign up for Newsletter

Search Search

Search Search

Menu

Federal Government Launches Highly Affected Sectors Credit Availability Program (HASCAP)

The federal government has launched the “Highly Affected Sectors Credit Availability Program” (HASCAP).

The HASCAP program is designed to provide financial support to businesses that have been hardest hit by the pandemic. HASCAP is available to businesses across the country in all sectors.

The program will be facilitated by the Business Development Bank of Canada (“BDC”) who will work with Canadian financial institutions to offer government-guaranteed, lower interest loans of up to $1 million with repayment terms of up to 10 years.

To be eligible for HASCAP, businesses need to show a year-over-year revenue decline of at least 50% in three months, within the eight months prior to their application. They must also be able to show their financial institutions that they have previously applied for either the Canada Emergency Wage Subsidy or the Canada Emergency Rent Subsidy.

Eligible businesses can start applying as early as February 1 at some principal financial institutions and more widely by February 15. Interested businesses should contact their primary lender to get more information and to apply.

Please visit the BDC HASCAP webpage for more information on the eligibility requirements and program details.

Got Questions? Contact Us

If you have any questions about this topic or others you can always reach us at info@hwllp.ca or by phone at 613-235-2000.

Tag Archives: ‘HASCAP’

Federal Government Launches Highly Affected Sectors Credit Availability Program (HASCAP) 02.01.2021

The federal government has launched the “Highly Affected Sectors Credit Availability Program” (HASCAP). The HASCAP program is designed to provide financial support to businesses thatRead More

Testimonial from Lynn LaHam - CPA, CGA, Crossroads Children’s Centre

Hendry Warren is a very professional organization who are very sensitive to client needs and timelines. Marie Fraser and all of the staff that I have met and worked with exhibit the same degree of courtesy and professionalism. It is always a pleasure working with them.

Lynn LaHam ( CPA, CGA, Crossroads Children’s Centre)

Testimonial from Chris Jerome, Treasurer - Habitat for Humanity – National Capital Region

Hendry Warren LLP has been easy to work with, dependable, personable and professional and are always available when we need them. The annual audit process is efficient and timely and their staff is always knowledgeable and well prepared.

Chris Jerome, Treasurer (Habitat for Humanity – National Capital Region)

Testimonial from Don Silverman - CFO Sciemetric

From the partners to the new graduates, the quality of service and advice were second to none…we rely heavily on the advice we are given from both an audit and tax perspective…I know that our firm can count on Hendry Warren LLP to be accurate, timely and professional at all times.

Don Silverman (CFO Sciemetric)

Testimonial from Gordon Miller - President, UNIGLOBE Premiere Travel

In every instance where advice or assistance has been needed it has been provided with clarity and timeliness. And with a very satisfactory outcome. Our accounting staff have always appreciated the efficiency of Hendry-Warren team assigned to our audits and review engagements. We appreciate that Hendry-Warren LLP is able to support our needs as a paperless group of companies.

Gordon Miller (President, UNIGLOBE Premiere Travel)

Testimonial from Les Bell, - CPA, CA, President, Lincoln Heights Ford Sales Ltd.

Ian Hendry is a truly responsive and responsible partner in our business and has been for over 20 years. I would (and have) recommend his services to everyone.

Les Bell, (CPA, CA, President, Lincoln Heights Ford Sales Ltd.)

Testimonial from Colin Goodfellow -

I have used Marie Fraser and her team at Hendry Warren for business, personal and special projects. Deep enough bench strength to cover anything, and small enough to pay attention.

Colin Goodfellow ()

Testimonial from Rupert Bonham-Carter -

Jacob has been invaluable over the past 18 months in assisting with the incorporation and start-up of my new business venture. I trust Jacob's advice on complicated income tax and HST matters to allow me to focus on what is most important - my business!

Rupert Bonham-Carter ()