Commercial Business Banking relief
Supporting commercial businesses in our community
Get access to the latest relief measures for commercial businesses.
Canada Emergency Business Account (CEBA)
Find out more about the limited-time, interest-free loan for commercial businesses, including eligibility criteria and how to apply.
Export Development Canada (EDC) Business Credit Availability Program (BCAP)
The EDC BCAP provides qualifying Scotiabank or Roynat clients access to a maximum 364-day operating credit or cash flow term loan (with possibility to renew for an additional 364 days) of up to $6,250,000.
The Business Development Bank of Canada Business Credit Availability Program
The BDC BCAP program provides access to a non-revolving amortizing term loan of up to $12,500,000. The program is intended to support bridging businesses’ operating expenses (i.e., payroll, rent, utilities, taxes and other fixed costs), until cash flows resume back to pre-COVID conditions.
Direct Deposit for Canada Emergency Wage Subsidy (CEWS)
Direct deposit is a fast, secure and convenient way to receive your Canada Emergency Wage Subsidy payments. Using Scotia OnLine, mobile banking or ScotiaConnect you can quickly enrol your eligible business account for direct deposit in a few easy steps.
The Business Development Bank of Canada (BDC) BCAP Mid-Market Financing Program
The BDC BCAP Mid-Market Financing Program provides liquidity support to medium-sized Canadian businesses impacted by COVID-19 and whose credit needs exceed what is already available through the federal government’s Business Credit Availability Program (BCAP).