Finding yourself and your business in a tight spot? Maybe you qualify for some funding!
If you have questions please contact the organization, the department responsible for the funding or your bank directly.
Canada United Small Business Fund
The Canada United Small Business Relief Fund provides relief grants of up to $5,000 to small businesses. The grant can be used for specific efforts: purchasing PPE, renovating physical spaces, or developing your website or e-commerce capabilities.
Direct link to application: https://www.canada.ca/en/department-finance/economic-response-plan.html#businesses
Co-Lending Support Program for Small and Medium Size Enterprises
Through the Business Credit Availability Program, Business Development Canada (BDC) is working with financial institutions to co-lend term loans of up to $6.25 million to SMEs for their operational cash flow requirements.
The program offers differing maximum finance amounts based on business revenues.
This support is available until June 2021.
Application directly through your financial institution
Direct link to application:https://www.canada.ca/en/department-finance/economic-response-plan.html#businesses
Canada Emergency Business Account
The Canada Emergency Business Account (CEBA) provides interest-free, partially forgivable, loans of up to $60,000, to small businesses and not-for-profits, that have experienced diminished revenues due to COVID-19 but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages.
We have recently expanded CEBA to include an additional interest-free $20,000 loan, 50% of which would be forgivable if repaid by December 31, 2022.
This means the additional loan effectively increases CEBA loans from the existing $40,000 to $60,000 for eligible businesses, of which a total of $20,000 will be forgiven if the balance of the loan is repaid by December 31, 2022.
Relief Measures for Indigenous Businesses
"We are providing $306.8 million in funding to help small and medium-sized Indigenous businesses, and to support Aboriginal Financial Institutions that offer financing to these businesses.
The funding will allow for short-term, interest-free loans and non-repayable contributions through Aboriginal Financial Institutions, which offer financing and business support services to First Nations, Inuit, and Métis businesses.
Financial support for Indigenous businesses will be provided through Aboriginal Financial Institutions, and administered by the National Aboriginal Capital Corporations Association and the Métis capital corporations in partnership with Indigenous Services Canada."
Who Can Apply
Direct Link to application:
Main Street Relief Grant for Personal Protective Equipment (PPE)
Providing up to $1,000 for PPE costs to eligible small businesses across Ontario with 2 to 9 employees.
For all Main Street Relief Grant and Property Tax and Energy Cost Rebate Grant:
Main Street Relief Grant application:
Direct link to application: https://www.app.grants.gov.on.ca/msrf/#/
Quick access to cash flow as a result of COVID-19 through the Government of Canada and their bank
Your business does not need to have export sales to qualify for this program.
- Government organizations or bodies or entities wholly owned by a government organization or body;
-Non-profit organizations, registered charities, unions, or a fraternal benefit societies or orders, or entities owned by such an organization, unless the entity is actively carrying on a business in Canada (including a related business in the case of a registered charity) that earns revenue from the regular supply of property/goods or services;
- Entities owned by any Federal Member of Parliament or Senator; and
-Entities that promote violence, incite hatred or discriminate on the basis of sex, gender identity or expression, sexual orientation, colour, race, ethnic or national origin, religion, age or mental or physical disability, contrary to applicable laws.
Applications directly from your financial institutions
Business Benefits Finder
Enter information about your business and get a list of either COVID-19 supports, Business supports or all government supports:
Personal Benefits Finder
Enter personal information and get a list of personal supports that may be eligible to you:
Videos and Podcasts to Support Employees and Employers through COVID-19
The Conference Board of Ontario has a series of well being 42 videos on mental health and well-being ranging from Parenting, Workplace Wellness, Isolation and Sleep Disturbances etc.