Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee

 
hascap

Businesses heavily impacted by COVID-19 can access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs. These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19.

Terms are flexible, with a 4% interest rate and a repayment term of up to 10 years. Principal payments at the start of the loan can be postponed up to 12 months.

The HASCAP Guarantee is available until June 30, 2021.

 
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