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HASCAP offers government-guaranteed, low-interest loans of up to $1 million. Chains and multiple-location businesses could be eligible for up to $6.25 million.
HASCAP is available to all small and medium sized businesses with revenues decrease of 50% due to pandemic.
Terms of loans:
• low interest with a repayment term of up to 10 years
• up to a 12 month postponement of principal payments
• available until June 30, 2021
To be eligible:
• a year-over-year revenue decline of at least 50% in three months, within the eight months prior to their application;
• have previously applied for either CEWS or CERS; and
• have been financially stable and viable pre-COVID
Applications open: February 1,2021
Contact your primary financial institution to find out more.
Note: You can apply at one financial institution only.
Our office is happy to help with any questions or issues.Contact Us