Page 10 - Sectors Credit Availability Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hard-hit businesses get rules, Feb. 1 start date for Liberals' $1-million loan fund by The Canadian Press Last Updated Jan 26, 2021 at 2:44 pm EDT OTTAWA — Companies that want in on a new federal loan program will have to show sharp revenue declines during the pandemic and that they have already applied for other business aid. The new loans, from the Highly Affected Sectors Credit Availability Program (HASCAP), will open for applications on Monday and is on top of existing loan programs targeting small businesses. Loans will start at between $25,000 and $1 million for a single business depe...

Prime Minister Justin Trudeau. (CPAC) Prime Minister Justin Trudeau is again reminding Canadians to cancel travel plans as he promises more travel restrictions. He says he won’t hesitate to take tougher measures, and will be making an announcement about that in the next few days. “We are doing whatever it takes to keep Canadians safe,” Trudeau says. “As I said before, when it comes to protecting you and your family, nothing is off the table.” Trudeau is also reassuring Canadians that Canada’s supply of COVID-19 vaccines is secure. He says he spoke with the CEO of Moderna Tuesday ...

Ottawa launches Highly Affected Sectors Credit Availability Program SHARE ON: The federal government kicked off a Highly Affected Sectors Credit Availability Program (HASCAP) Tuesday morning. Canada’s Minister of Small Business announced that HASCAP, as outlined in last year’s Fall Economic Statement, will offer government-guaranteed, low-interest loans of up to $1 million. Mary Ng says hard-hit businesses with multiple locations under one related entity, could be eligible for up to $6.25 million.   HASPAC will be provided through the Business Development Bank of Canada working with Ca...

Over 200 doctors call for changes in Ontario long-term care 3 pm A group of more than 200 doctors and researchers are calling on Ontario Premier Doug Ford to end for-profit long-term care and address staffing shortages in the sector. The group, Doctors For Justice in LTC, calls COVID-19’s impact on the long-term care sector a “humanitarian crisis.” In an open letter, the doctors say the province has not learned from the first wave and say the second wave has continued to see delayed responses to outbreaks, poor transparency, insufficient infection control practices and staffing shortag...

Share this article Share this article TORONTO, Jan. 26, 2021 /CNW/ - Many businesses in Canada continue to face significant challenges related to the coronavirus pandemic, putting pressure on our economy, communities and households. Some sectors have been particularly hard hit and disproportionately affected by COVID-19. Banks in Canada are working with the Government of Canada to deliver relief to these businesses through the Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee. The program offers 100 per cent government-guaranteed financing for heavily impacted businesses,...