In its 2020 Fall Economic Statement, the Government of Canada announced it would work with financial institutions to create the Highly Affected Sectors Credit Availability Program (HASCAP) – a program to support businesses hardest hit by the COVID-19 pandemic with 100 per cent government-guaranteed, low-interest loans over extended terms, up to ten years.

The government announced the program on January 26, 2021. The loan program is designed for businesses that were viable and in good standing prior to the pandemic, that require additional liquidity to help cover their on-going and non-deferrable expenses.

The Tourism Industry Association of Canada has agreed to gather early feedback from our members following program launch, including from those who have been denied a HASCAP loan, to inform the government of how the program is being implemented and to facilitate any adjustments that might be necessary.
Financial Institution Information

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* 1. Name of bank or credit union: