Closed
Highly Affected Sectors Credit Availability Program (HASCAP)
Low-interest financing for hard-hit businesses
Last Update: April 21, 2026
Funding available
$ 25,000 - $ 1,000,000
Timeline
- Closing date : March 31, 2022
Location
Alberta
Overview
HASCAP offers low-interest, government-guaranteed term loans to help hard-hit Canadian businesses manage short-term liquidity needs. It supports working capital and operating expenses, with loans of $25,000 to $1 million CAD and a maximum combined amount of $6.25 million across all legal entities.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase operational productivity
- Strengthen organizational capacity
- Ensure financial sustainability
Eligible Funding
- Maximum amount : 1,000,000 $
- Minimum amount : 25,000 $
Timeline
- Closing date : March 31, 2022
Eligible candidates
Eligible Industries
- All industries
Location
- Alberta
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Supporting short-term liquidity and working capital needs
- Covering recurring operating expenses and other business continuity costs
Documents Needed
- CRA attestation forms showing the required revenue decline
- Financial statements
Eligibility
Who is eligible?
- Canadian businesses
- Businesses from all sectors
- Existing ATB business clients
Who is not eligible
- Businesses that are not existing ATB clients
- Businesses that do not meet the required revenue decline
- Businesses seeking refinancing or non-standard debt repayment support
Eligible expenses
- Payroll, rent, utilities, taxes, and scheduled debt repayments
- Other fixed operating costs
- Working capital and short-term liquidity needs
- Inventory purchases, accounts payable, and delayed receivables
Ineligible Costs and Activities
- Debt repayment outside normal monthly payments
- Refinancing
Eligible geographic areas
- Canada
Processing and Agreement
- Applications are reviewed through the participating financial institution
- Applicants may be asked to provide supporting documents during processing
- Approval depends on meeting the program’s required conditions
Additional information
- Applications had a deadline of March 31, 2022.
- The program is supported by BDC through participating financial institutions.
- ATB business clients could contact their regular representative or client care team for assistance.
Contacts
Frequently Asked Questions about the Highly Affected Sectors Credit Availability Program (HASCAP) Program
Here are answers to the most common questions about the Highly Affected Sectors Credit Availability Program (HASCAP). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Highly Affected Sectors Credit Availability Program (HASCAP)?
HASCAP offers low-interest, government-guaranteed term loans to help hard-hit Canadian businesses manage short-term liquidity needs. It supports working capital and operating expenses, with loans of $25,000 to $1 million CAD and a maximum combined amount of $6.25 million across all legal entities.
How much funding can be received?
Highly Affected Sectors Credit Availability Program (HASCAP) Funds up to $1,000,000 of admissible expenses.
Who is eligible for the Highly Affected Sectors Credit Availability Program (HASCAP) program?
To be eligible for the Highly Affected Sectors Credit Availability Program (HASCAP) program, you must:
Canadian business affected by COVID-19
Minimum 50% revenue decline
Existing ATB business client
What expenses are eligible under Highly Affected Sectors Credit Availability Program (HASCAP)?
Supporting short-term liquidity and working capital needs
Covering recurring operating expenses and other business continuity costs
Who can I contact for more information about the Highly Affected Sectors Credit Availability Program (HASCAP)?
You can contact Business Development Bank of Canada (BDC) by email at email-client-service or by phone at 1-800-332-8383.
Where is the Highly Affected Sectors Credit Availability Program (HASCAP) available?
The Highly Affected Sectors Credit Availability Program (HASCAP) program is available the province of Alberta.
Is the Highly Affected Sectors Credit Availability Program (HASCAP) a grant, loan, or tax credit?
Highly Affected Sectors Credit Availability Program (HASCAP) is a Loans and Capital investments