The Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee is a business lending program for Canadian businesses that have been disproportionately impacted by COVID-19. The program provides a loan that is 100% guaranteed by Business Development Bank of Canada (BDC). Key features of HASCAP include:Borrowers must submit an application for forgiveness of their first draw PPP loan and receive a decision from the SBA before they are eligible to apply for a second draw PPP loan. As one of the largest PPP lenders, TD Bank has a robust digital PPP forgiveness portal in place that provides a streamlined process for our customers and will include the COVID Revenue Reduction Score for loans $150,000 and under …You can download the portion of the application you've already completed and bring it to any TD Bank location to discuss your lending needs and finish your application. Find a TD Bank near you Or, you can speak with a Small Business Banking Specialist:Get the support and advice you need. Our Business Development Officers strive to handle your loan request efficiently from application to closing, so you can focus on what really matters – growing your business. Some credit restrictions may apply. Loans subject to credit approval. Subject to eligibility a quick response to your loan application, usually within 48 hours. SBA small business loans can be used for equipment purchases, expansion, owner-occupied real estate purchases, working capital and more. Accelerated loan application response time; Fixed and variable rates available; Loan amounts up to $350,000; 7(a) Loan ProgramAn Economic Injury Disaster Loan (EIDL) helps small businesses and nonprofits that are losing money during the coronavirus pandemic and that need funds for financial obligations and operating expenses. SBA is accepting applications for EIDLs until December 31, 2021. Apply online for a COVID-19 Economic Injury Disaster Loan. SBA Debt ReliefDetermine your monthly loan payment and see how much you can afford with TD Bank's small business loan calculator & see what the types of loans available.
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