Financial support and resources available for businesses impacted by COVID-19.

Support for businesses impacted by COVID-19.

Shape

Information to help your business take action during the COVID-19 crisis

Last updated on January 1st, 2022

Financial relief for entrepreneurs

Learn more about options for accessing credit to support you through to a more stable time.

Support for businesses

Access to credit

Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee

100% guaranteed loans of $25,000 to $1 million to cover operational cash flow in response to COVID-19, available through your financial institution until March 31, 2022 (extended).

Learn more

Small Business Loan

Up to $100,000 online for businesses who have been in operation for at least 24 months and are generating revenues.

Learn more

Other relief programs

Tourism and Hospitality Recovery Program

This program provides support through the wage and rent subsidy programs, to hotels, tour operators, travel agencies, and restaurants, with a subsidy rate of up to 75 per cent.

Learn more

Hardest-Hit Business Recovery Program

This program provides rent and wage support to other businesses that have been deeply affected since the outset of the pandemic, with a subsidy rate of up to 50 per cent.

Learn more

Large Employer Emergency Financing Facility

Bridge financing providing additional liquidity for large businesses whose needs are not being met to keep operations going through conventional financing during the pandemic.

Learn more

Regional Relief and Recovery Fund

Additional funds for businesses and organizations unable to access other support measures and impacted by the COVID-19 pandemic in sectors key to the regions and to local economies.

Learn more

Canada Emergency Wage Subsidy (CEWS)

Employers may be eligible for a subsidy of 65% of employee wages for up to 24 weeks to re-hire workers laid off as a result of COVID-19. This measure is to help create over 1 million jobs and restore employment to the level it was before the pandemic. The Canada Emergency Wage Subsidy is extended.

Learn more

Local Lockdown Program

Program expanded to employers subject to public health restrictions. Wage and rent subsidies available, up to a maximum of 75%.

Learn more

Canada Worker Lockdown Benefit

Income support to eligible workers who are directly impacted by a COVID-19-related public health lockdown, and who have lost 50% income.

Learn more

Past programs

Mid-Market Financing Program

Junior loans ranging between $12.5 million and $60 million for medium-sized businesses particularly impacted by the COVID-19 pandemic; available until or before December 31, 2021 (ended).

Co-Lending Program

Up to $12.5 million for your operational cash flow requirements; available until or before December 31, 2021 (ended).

A number of measures, in addition to access to credit, have been put in place through the Government of Canada’s Economic Response Plan to help you through these trying times. We invite you to consult these pages to find out what measure best fits your needs.


Frequently asked questions

Find answers to the most commonly asked questions on the special programs listed on this page, eligibility and processing times during the COVID-19 pandemic.

BDC products and services

Eligibility

Articles and tools

Resources to help your business get back on track.

Profit from technology: Digital tools to drive efficiency and revenue
Profit from technology: Digital tools to drive efficiency and revenue

Get back on track by making your operations more efficient and profitable.

How to manage your team remotely during a crisis
How to manage your team remotely during a crisis

Frequent and regular contact keeps employees ‘in the loop’.

Digital Marketing
Digital Marketing

Resources to adapt and grow your digital strategy.

Cash flow
Cash flow

Tools to project your short- and long-term cash flow, plus articles and quick tips to adjust your cash cycle.​

Business recovery
Business recovery

Ready your business to emerge stronger from the COVID-19 crisis.

Contact us

Are you a BDC client?

We encourage you to reach out to your account manager.

Not a BDC client?

If you’re looking for financing for your business, take a look at our business loans.