What are the key measures in the Government of Canada's Business Credit Availability Program (BCAP)?

The Business Credit Availability Program (BCAP) consists of three components that will be rolled out in the three weeks following March 27.

  1. Co-Lending Program for SMEs:
    - Working capital loans to SMEs of up to $6.25 million split between BDC (80%) and your financial institution (20%).


  2. Loan Guarantees for SMEs:
    - Operating credit and cash flow term loans of up to $6.25 million to be repaid in 1 year (80% guaranteed through EDC), specifically for SMEs.


  3. Canada Emergency Business Account:
    - Interest-free loans of up to $40,000 to small businesses, to help cover their operating costs during a period where their revenues have been temporarily reduced.


Source :

https://www.canada.ca/en/department-finance/economic-response-plan/covid19-businesses.html