Page 9 - Sectors Credit Availability Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The new program, dubbed the Highly Affected Sectors Credit Availability Program, will be administered by the Business Development Bank of Canada through major financial institutions. Starting Feb. 1, it will offer loans of $25,000 to $1 million for single businesses, and up to $6.25 million for chains, at an interest rate of four per cent for terms as long as 10 years. Those taking advantage of the program will be able to pay interest only for the first year. To qualify, companies will have to show a revenue drop of at least 50 per cent year over year. Wilson said there are several proble...

iPolitics By iPolitics. Published on Jan 26, 2021 5:51pm COVID vaccines arriving in Canada last month (Canada Border Services Agency photo) Today’s Evening Brief is brought to you by SkyAlyne. Did you know aircrew and pilots in every corner of the globe learn from Canadian training and simulation? Innovative Canadian aircrew training is a critical capability that supports our Armed Forces and helps keep them and Canada safe. More info. Good evening to you. Responding to threats from the European Union, Prime Minister Justin Trudeau assured Canadians today that the availability of...

Students at five schools self-isolating after possible COVID exposure on bus Greater Sudbury students on several Rainbow District School Board buses are now in self-isolation following possible exposure to COVID-19. Nicole Charette, the board’s communication officer says one student from Lo-Ellen Park Secondary School, and students from Lockerby Composite School and Sudbury Secondary School are required to self-isolate until February 5th. She says there are no confirmed cases of COVID-19 at any of the schools currently. Charette adds several students at Adamsdale Public School and Lasalle S...

Hardest-hit businesses can apply for new federal loans starting Monday By Jolson Lim. Published on Jan 26, 2021 2:33pm Heart-shaped lights on Toronto's Intercontinental Hotel in April (Steve Russell/Toronto Star) Applications will open on Monday for new federal loans to businesses hardest-hit by COVID-19. The Highly Affected Sectors Credit Availability Program (HASCAP), which was announced last November, will loan businesses $25,000 to $1 million, with fixed interest rates of four per cent, and repayment terms as long as 10 years. Single-entity businesses with multiple locations, s...

Government reveals new credit program for hard-hit businesses will open February 1 The Highly Affected Sectors Credit Availability Program (HASCAP), which will provide financial support to businesses hardest hit by COVID-19, is set to open this month. It was announced Tuesday, businesses can begin applying for HASCAP on February 1 at certain financial institutions, with the credit program set to become more widely available at other institutions on February 15. Announced in November, HASCAP is a new federally-backed loan program for Canadian businesses in all sectors, that ha...