Financial Support/Relief for Businesses

FEDERAL ASSISTANCE PROGRAM UPDATE

Starting Friday, June 18, 2020, the Canada Emergency Business Account (CEBA) is being expanded to include owner-operator sole proprietorships, businesses that pay via dividends and businesses with only contractor employees. This program provides interest free loans up to $40,000.00, with fully 25% potentially forgivable. Click here for more details.
 

HELP/SUPPORT SERVICES 

• Business Resilience Service - The service allows you to connect with experienced business advisors from across Canada for guidance on which government relief programs will be most appropriate to support your small- to medium-sized business, not-for-profit or charity on how to respond and reshape amid uncertainty - Canadian Business Resilience Network

• Interactive Business Benefits Finder - Government of Canada

• Small and Medium Business Recovery Grant Program - Government of British Columbia
   

CANADA EMERGENCY WAGE SUBSIDY (CEWS)

• Step-by-Step Guide: Get Ready to Apply for the Canada Emergency Wage Subsidy (CEWS) - Canadian Business Resilience Network
• Canada Emergency Wage Subsidy Calculator - Government of Canada
   

RENT ASSISTANCE

• Canada Emergency Commercial Rent Assistance - Canada Mortgage and Housing Corporation
• Commercial Rent Subsidy (October 2020) - Government of Canada 
   

NOT-FOR-PROFIT SUPPORT

• Emergency Community Support Fund - Government of Canada
• COVID-19 Emergency Support to Community Organizations Preventing Disease Transmission Training and Equipment Program - Canadian Red Cross
• COVID-19 Emergency Support for Community Organizations Granting Program for Non-Profits - Canadian Red Cross
   

FINANCIAL INSTITUTIONS

• Business Credit Availability Program Application Assistance - BDO
• COVID-19 Update: How RBC is Helping Businesses - RBC
• COVID-19 FAQs - Scotiabank
• Canada Emergency Business Account - Vancity
• COVID-19 Update: Support for Small Business - BMO Bank of Montreal
• COVID-19 (Coronavirus) Frequently Asked Questions - TD
• Financial Relief for Businesses - Envision Financial, A Division of First West Credit Union
• Update on COVID-19 and How We're Here to Help - HSBC
• Meeting Your Needs in Challenging Times - CIBC
• COVID-19 Support and Resources for Individuals and Business Members - Prospera Credit Union
• COVID-19 Updates & Resources - Westminster Savings
• Helpful Resources Available to Support You - Coast Capital Savings
• Your Health Comes First - Aldergrove Financial Group
• Business Development Bank of Canada (BDC) has resources available include:
  • Small Business Loan - Up to $100,000 can be obtained online.
  • Working Capital Loan - Get extra funds to bridge cash flow gaps and support everyday operations.
  • Purchase Order Financing - Increase your cash flow to fulfill domestic or international orders with very flexible terms.
  • BDC's Advisory Services experts are offering tools and support to review your financial management and operations.