Small Business relief
Supporting small businesses in our community
Key information on relief programs available for small businesses.
The Business Development Bank of Canada Highly Affected Sectors Credit Availability Program (HASCAP)
HASCAP was a federal loan guarantee program administered by Business Development Bank of Canada (BDC). The program provided additional liquidity to Canadian businesses facing economic hardship due to COVID-19. HASCAP offered non-revolving government guaranteed term loans from $25,000 and up to $1,000,000. The application period ended on March 31, 2022. HASCAP loans have a maximum amortization of 10 years including any interest only payment period.
Please contact your Scotiabank Small Business Advisor, Branch Manager, or click here for program information.
Canada Emergency Business Account (CEBA)
The CEBA application period ended effective June 30th, 2021.
Please visit the Government of Canada’s CEBA website for current program dates and details, including up to date information on Program Repayment Deadlines.
Questions about your existing CEBA loan? Learn more
The Business Development Bank of Canada Business Credit Availability Program
The BDC Co-Lending program was a federal loan guarantee program administered by Business Development Bank of Canada (BDC). The program provided access to working capital to eligible businesses that were impacted by COVID-19. The program offered non-revolving term loans of up to $1,000,000 to eligible businesses. The applications period ended on Dec 31, 2021.
Please contact your Scotiabank Small Business Advisor or Branch Manager for further information.
Direct Deposit for Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS)
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.
Small Business FAQs
Find answers to our most frequently asked questions for small businesses.