Federal and Provincial Support for Businesses

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The Government of Canada and the BC government have resources, programs, and services to support Canadian businesses facing financial hardships due to COVID-19.

Small Business BC COVID-19 Support Centre 

Small Business BC

To help business owners navigate the available provincial and federal resources, advisors are available Monday to Friday, from 9:00am to 5:00pm at 1-833-254-4357. Inquiries can also be emailed to covid@smallbusinessbc.ca, or raised on the live-chat feature available on Small Business BC

Support is available in multiple languages and a call-back feature will be in place to help manage high call volumes. View the latest information on supports for businesses in BC. 

Here are some highlights of different programs including subsidies, grants, and loans:

Small and Medium-Sized Business Recovery Grant
  • Applies to small and medium-sized businesses that have experienced a decline in revenues since March 10, 2020
  • Grants of $10,000 to $30,000 are available
Learn more and see if your business is eligible

Emergency Business Account
(CEBA)

Intended to help small businesses pay immediate operating costs through an interest-free loan

 

  • Applies to business and non-profit employers with 2019 payroll from $20,000-$1.5M
  • Financial institutions are able to provide up to $40,000 interest-free loan
  • If loan is repaid by December 31, 2022, 25% of loan is forgiven. If not repaid by that date, remaining balance is converted into 3-year loan at 5% interest 
For more information, contact your financial institution or visit ceba-cuec.ca

Emergency Wage Subsidy
(CEWS)

Intended to help businesses avoid layoffs and rehires

  • Program has been extended to December 19, 2020
  • A base subsidy of employee wages is available to all eligible employers that are experiencing a decline in revenue
Apply here
Canada Emergency Rent Subsidy (CERS)
  • Provides easy-to-access rent and mortgage support until June 2021 for qualifying organizations affected by COVID-19
  • Support up to a maximum of 65% of eligible expenses until December 19, 2020
  • Rent support without the need to work through landlords
Learn more

Business Credit Availability Program – Loan Guarantee 

Intended to provide credit and cash flow loans

  • Various programs for businesses in all sectors and regions to obtain financing during the COVID-19 pandemic
For more information, contact your financial institution

Large Employer Emergency Financing Facility (LEEFF)

Intended to provide bridge financing to large Canadian employers

  • Applies to large Canadian employers with significant operations and workforce in Canada. With annual revenues of $300 million or more.
  • Large for-profit enterprises in all sectors except for those in the financial sector
  • Certain not-for-profit enterprises
Learn more and register

Regional Relief and Recovery Fund

Support for businesses not eligible for CEBA

  • Applies to businesses have applied for other federal relief measures and have not been able to secure fund
  • Businesses that have accessed COVID-19 relief measures and continue to experience hardships
  • Eligible businesses can receive a conditionally repayable contribution up to $40,000
Learn more and apply
Black Entrepreneurship Loan Fund
  • Supports black business owners and entrepreneurs
  • Provides loans between $25,000 to $250,000
Learn more
Indigenous Businesses 
  • Applies to small and medium-sized indigenous businesses
  • Allow for short-term, interest-free loans and non-repayable contribution through Aboriginal Financial Institutions
Learn more

Agriculture and food industry
Loan deferrals and other financing products

Loan deferrals and other financing products

  • Applies to producers, agribusinesses and food processors
  • Farm Credit Canada offering loan deferrals and other financing products
Learn More
Mandatory Isolation Support for Temporary Foreign Workers Program
  • Applies to farmers, fish harvesters and all food production and processing employers
  •  Help employers with some of the costs associated with the mandatory 14-day isolations period for temporary foreign workers upon entering Canada
Learn more
Cultural, Heritage and Sports Organizations
  • Applies to organizations that support artists and athletes
  • Fund will be administered by Canadian Heritage
Learn More
Canadian Seafood Stabilization Fund
  • Applies to fish and seafood processing sector
  • Will be delivered through Western Economic Diversification Canada in BC
Learn more

Energy Sector Support

Credit and financing support

  • Applies to small and medium-sized energy companies at risk due to COVID-19
Learn more


How can your Business help in the fight against COVID-19?

The Government of Canada and the BC Government are looking for both medical and non-medical products and services to help with the response to COVID-19.

Products needed include N95 masks, surgical masks, gloves, gowns, hand sanitizer.

Service providers needed include guard/security services, nursing services, accommodation, and food services.

BC

 

View the Government of British Columbia's needed goods and services 

Canada

 

View the Government of Canada's needed goods and services

Raoid Response Platform

The Rapid Response Platform automatically matches supply with demand, simplifying supplier discovery during the procurement process. As Canada's industries return to work, there is an increased demand for PPE – is your company able to be a supplier?

BC Alliance of Manufacturing

The BC Alliance of Manufacturing is calling on all abled manufacturers to respond to this urgent need. The Government of Canada announced funding to retool factories to increase production capacity for COVID-19 medical supplies and products.

You are not alone – join a local Business Association

There any many business communities in the Township and they each offer their members excellent opportunities to share resources and experiences, build your networks, and grow your business.

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