Financial and Credit Support
Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee
The Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee is a COVID-19 relief program to help hardest-hit businesses from all sectors with additional financing.
As of January 5, 2022, the Business Development Bank of Canada will provide businesses heavily impacted by COVID-19 guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs.
LEARN MORE ABOUT ADDITIONAL COVID SUPPORTS THROUGH BDC
VIEW PROGRAM WEBSITE
The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of COVID-19. Below you will find information on several resources available.
Support for Individuals
For specific information on Employment Insurance, Canada Worker Lockdown Benefit, Canada Recovery Sickness Benefit, and Canada Recovery Caregiving Benefit, visit the Government of Canada website
Supports for Canadian Businesses
For information relating to Wage Hiring and Support, Rent and Property Expenses Support, Jobs and Growth Fund, Extending the Work-Sharing Program, Highly Affected Sectors Credit Available Program (HASCAP), Large Employer Emergency Financing Facility (LEEFF), and Addition Support by Sector visit the Government of Canada website.
The Business Development Bank of Canada has developed “COVID-19: Supports for Canadian Businesses”, a compilation guide of federal and provincial government support measures for businesses.
The Business Development Bank of Canada has created a toolkit of templates to help businesses minimize the risk that an emergency poses to operations and bottom line.
ACCESS THE TOOLKIT
Agriculture Response Program
The COVID-19 Agriculture Response Program is designed to help Nova Scotia’s agriculture industry mitigate the effects of the COVID-19 pandemic on the industry’s competitiveness, productivity and profitability.
There are 2 streams for funding under the COVID-19 Agriculture Response Program. The funding doesn’t need to be repaid.
Stream 1: COVID-19 mitigation and adaptation for health protocols
Applicants are eligible for 50% funding assistance on total eligible project costs to a maximum of $30,000 per program year, to help applicants comply with recommended health protocols.
Stream 2: COVID-19 strategic projects
Initiatives at a sector or industry level will be reviewed for funding on an individual basis. If they’re deemed to meet the objectives of the Program, they will be assessed on an individual merit, impact and reach basis.
Paid Sick Leave Program
Nova Scotians who need to take time off work because of COVID-19 may qualify for up to 4 paid sick days through the COVID-19 Sick Leave Program.
Sector Impact Support Program
The Sector Impact Support Program will provide a one-time grant of up to $7,500 to help small business owners that have been impacted by the new province-wide public health restrictions.
Small Business Loan Guarantee Program
The Small Business Loan Guarantee Program is available for qualifying businesses.
Grant Thornton has developed and launched an online hub to help guide businesses through COVID-19’s impacts. The hub includes a number of videos, insights, and links.
VIEW THE HUB
Sydney Credit Union
The Sydney Credit Union has developed a summary document detailing various business relief programs, including deferrals, new capital, grants, labour & employment, wage subsidies, and other solutions.