While many businesses still struggle with meeting the approval criteria for the HASCAP program, [Still don’t qualify? Check out these Canadian Small Business Loans instead] as of the end of September 2021, more than 8,422 Canadian businesses have received a HASCAP loan, totaling more than $1.8 billion in loans.
The BDC has a HASCAP dashboard that shows the distribution of HASCAP loans by Canadian province if you want to check out the latest developments in the HASCAP program. The cumulative totals for non-audited amounts through July 31, 2021 are listed below.
Noteworthy, more than 53% of all federal funds have been loaned to businesses in Ontario and more than 20% to the province of Ontario.
Manitoba (2%)
- 149 Loans
- $42.6M
New Brunswick (1%)
- 58 loans
- $16.3
Nova Scotia (1%)
- 91 loans
- $22.0M
Nunavut (0%)
- 0 loans
- $0.00
Ontario (53%)
- 4,856 loans
- $1,050M
Quebec (13%)
- 1,146 loans
- $250M
Saskatchewan (1%)
- 81 loans
- $17.9M
Newfoundland & Labrador (1%)
- 54 loans
- $16.3M
Northwest Territories (<1%)
- 1 loan
- <$1M
Yukon Territory (<1%)
- 1 loan
- <$1M
The above data has been sourced and published by the BDC. HASCAP Guarantee – Non-audited data as of July 31, 2021. Date modified September 27, 2021