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Small Business Support Program
Small businesses who are required to close or significantly restrict services effective December 26, have fewer than 100 employees, and experienced a minimum of 20% revenue decline in April 2020 compared to April 2019* may be granted between $10,000 and $20,000 to help cover decreased revenue as a result of the provincial shutdown.
Click here for more information on this grant.
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Property Tax & Energy Bill Rebates
Businesses that are, or were, required to shut down or significantly restrict services due to provincial public health measures can apply for rebates, provided in the form of grants, to help with their fixed costs. Businesses struggling to pay their energy bills as a result of COVID-19 may also be eligible for the COVID-19 Energy Assistance Program for Small Business (CEAP-SB), which you can apply to through your utility provider.
Click here for more information and eligibility requirements
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Canadian Emergency Rent Subsidy (CERS)
Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords. If you are eligible for the base subsidy, you may also be eligible for lockdown support if your business location is significantly affected by a public health order for a week or more.
Click here for more information on the CERS
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Canadian Emergency Wage Subsidy (CEWS)
As a Canadian employer who has seen a drop in revenue due to the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March 15, 2020. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease your business back into normal operations.
Click here for more information on CEWS
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shopHERE Offers Free Website Development
shopHERE, a Digital Mainstreet Program powered by Google, is offering to build free websites for registered businesses (including home-based businesses and artists) who need and want to sell products online.A Digital Mainstreet Team will build your Shopify store for you and help you get online quickly and effortlessly. You will receive training on how to manage your online store, as well as a $100 ad credit for Facebook and Google.
Click here for more information and to register.
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Canadian Emergency Business Account
Povides interest-free loans of up to $60,000 to small businesses and not-for-profits. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 33 percent (up to $20,000).
Click here for more information
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Regional Relief and Recovery Fund
The Regional Relief and Recovery Fund (RRRF) provides financial contributions (interest-free loans) to help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic. In order to provide targeted assistance to the small towns and communities they serve, RCCFDC will focus on assisting sole proprietorship “main street” businesses, such as retail shops, restaurants, corner stores, and businesses of strategic importance to their communities, with loans up to $40,000. If you have received CEBA you are still eligible to apply for RRRF but will be ineligible for the 25% forgivable portion.
Click here for more information on the RRRF
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BDC Working Capital Financing
Loans of up to $2 million for businesses directly or indirectly impacted by COVID-19, with flexible repayment terms such as principal postponements for qualifying businesses.
Click here for more information on this program
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BDC Small Business Loan
Up to $100,000 online for businesses who have been in operation for at least 24 months and are generating revenues.
Click here for more information on this program
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