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Covid-19 Small Business Support

Business operation during the pandemic and orders to restrict activity have adversely affected businesses.  To help alleviate some of these effects there have been various financial assistance programs created.

Use the links and resources on this page to help keep your business operating. If you need help navigating the resources or just need some advice, one of our Development Officers will be happy to help you.

Federal Government Support

Financial institutions, working through Export Development Canada, can guarantee 80% of new operating credit and loans of up to $6.25 million to small-medium sized enterprises.

Visit the EDC site for more information, applications would be made through your financial institution.

Delivered by Nishnawbe Aski Development Fund in partnership with Ministry of Indigenous Affairs, eligible business may apply for up to $50,000 (of which 50% would be forgiveable).

For more information visit the NADF site.

Up to $60,000 interest free loan to eligible businesses, with a forgiveable portion of up to 33% ($20,000) if repaid by December 31, 2022.

Visit the program website for more details, applications are made via your financial institution.

A subsidy for renters and property owners based on the reduction of revenue.

For more information visit: CERS site

Subsidy for up to 65% of employee wage costs, calculated based on the revenue reduction.

CEWS is extended until September 25, 2021

Details and applications can be made via the Canada site.

Businesses heavily impacted can access a guaranteed, low-interest loans from $25,000 to $1,000,000 oto assist with operational costs.

For more information visit this BDC site, and you apply via your financial institution.

Delivered by Nishnawbe Aski Development fund, eligible business may be able to apply for up to $60,000 (of which a portion may be forgiveable).

For more information visit the NADF site.

Provided by FedNor, this program is meant to assist owners who have been unable to receive other government assistance programs.

There are 2 streams in Northern Ontario:

  • Regional Economy stream is meant for small-medium sized corporations and can be up to $500,000 repayable loans
  • Community Futures stream is directed for small businesses and proprietors not covered under the RE stream and is delivered by the local CFDC.

Applications may be made until June 30, 2021.

Ontario Government Support

$10,000 – $20,000 grant for small businesses within the travel and tourism sector.

For more information, visit the guide here:  https://www.app.grants.gov.on.ca/otsb/assets/guide.pdf

To apply: https://www.app.grants.gov.on.ca/otsb/#/

Deadline: June 25, 2021 @ 11:59PM

Part of the Main Street Relief Grant, this fund assists eligible businesses with a rebate on property taxes and energy bills.

To review eligibility or to make an application you do so through the MSRF page (where you can also apply for the PPE/SBSG as well)

Closed March 31, 2021

Part of the Main Street Relief Grant, this support is up to a $1,000 grant to eligible employers to purchase PPE.

Applications are made via the MSRF site (where you can apply for the SBSG and/or the PTECR)

Closed April 7, 2021

Part of the Main Street Relief Grant, this is a grant of $10,000 – $20,000 for eligible businesses that can demonstrate a revenue decline of 20% with monthly comparators.

To determine which months to compare, your eligiblity and make an application, visit the MSRF page (where you can also apply for the PPE/PTECR as well).

Recently, the Ontario Budget announced those that received the first payment would automatically receive a second payment.

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