Business Grants and Video Supports for COVID-19

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 program is now available at various banks and credit unions.

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.

Business owners can apply for support until March 31, 2021 through their banks and credit unions.

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



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

  • is First Nations, Inuit or Métis community-or collectively-owned
  • is located in the provinces
  • has been in operation since October 1, 2019
  • has either incurred a negative financial impact due to COVID-19 or that financial support will prevent layoffs, bankruptcy or permanent closure
  • has been solvent, financially viable, and not declared bankrupt prior to the economic disruptions associated with COVID-19
  • currently operates as a for profit entity and expects to continue to operate with a reduction in revenues from the previous year over the coming months as a result of COVID-19 in line with the terms of the Canada Emergency Wage Subsidy
  • has previously applied for federal business support and been declined, in whole or in part, or does not qualify under business support eligibility criteria:
  • this may include applications to more than 1 federal program depending on the requested support

Direct Link to application: 

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



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:

  • General business information (e.g. Business Number as provided by Canada Revenue Agency)
  • Banking information (e.g. banking institution, account number, branch code)

Main Street Relief Grant application:

  • Receipts or proof of costs for PPE purchased since March 17, 2020.
  • PPE could include:
    • Gloves, gowns, face shields, eye protection, masks, sanitizer, sanitizing wipes
    • Thermometers, temperature monitors or cameras
    • Physical changes, including the installation of hand sanitizer stations and plexiglass dividers
    • Signs to guide or inform customers and employees.

Direct link to application: https://www.app.grants.gov.on.ca/msrf/#/


EDC-Export Development Canada Business Credit Availability Program (BCAP) Guarantee

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.

  • Eligibility for the EDC BCAP Guarantee is subject to additional requirements through approved financial institutions.
  • The following are not supported by the EDC BCAP Guarantee:

- 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.

  • Proceeds from your loan must be used to finance business operating costs and cannot be used to repay or refinance existing debt.
  • Some restrictions apply for Oil and Gas companies. 

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:

https://innovation.ised-isde.canada.ca/s/?language=en_CA

 

Personal Benefits Finder

Enter personal information and get a list of personal supports that may be eligible to you:

Find financial help during COVID-19

 

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.

https://www.conferenceboard.ca/insights/covid-19?utm_source=OP&utm_medium=EMAIL&utm_campaign=COVID19VIDEOSERIESMAR21.20&mkt_tok=eyJpIjoiTXpNM1l6TXpPREZtTlRCbSIsInQiOiJrTnBEd203K1dtZWtPUk93T2poeVwvMWpmQXBcL05BeTVYTFB3TGhxMitPcEZFeVFsdnNDajV5OVZuV3NiTFRUTGhiQmRkTkh0MDhzRDh1ZG1IWDY5SXVQWTNvMU5XdHVvazg2V3dyWk1qQml3R2JkSzhPVGZTcktTRk1XRlJPb2dqIn0%3D&AspxAutoDetectCookieSupport=1#videos









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