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
  • Businesses can also get an interest-free loan of up to $20,000 in addition to the original CEBA loan, half of which will be forgivable if repaid by Dec 31, 2022 
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 June 2021
  • 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
Apply here

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
  • Women-run businesses that are ineligible for other government COVID-19 funding
Learn more and apply
Black Entrepreneurship Loan Fund
  • Supports black business owners and entrepreneurs
  • Provides loans between $25,000 to $250,000
Learn more
Support of Indigenous Businesses
  • Emergency Loan Program: Small and medium-sized businesses can apply for short-term interest-free loans up to $30,000 and non-repayable contribution up to $10,000
  • Indigenous Community Business Fund: First Nations, Inuit and Metis communities and collectives can access funding to support community owned businesses.

Learn more about the Emergency Loan Program 

Learn more about the Indigenous Community Business Fund

Highly Affected Sectors Credit Availability Program (HASCAP)
  • Applies to hardest hit businesses, including those in sectors like tourism and hospitality, hotels, arts, and entertainment
  • 100% government-guaranteed financing and low-interest loans
The program is pending implementation. Learn more

Agriculture, Agri-Food, and Seafood Supports

  • Agriculture and seafood producers and processors can access a variety of government programs and funding to support their businesses including support for Temporary Foreign Workers, Indigenous Agriculture Development, Agri-innovation, Business Acceleration, and many more
  • New Agritech Grant Program provides one-time funding to BC based agritech or technology companies, agriculture producers, or agrifood companies

Provincial programs

Federal programs

Agritech Grant Program

Arts and Culture Organizations ​
  • The provincial and federal governments have several programs that support the arts and culture sector
  • Variety of funding options available for artists, groups, and organizations

Provincial programs

Federal funding


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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