Access up to $6.25 million. Amounts lent are based on your businesses revenues. 80% of the loan will be provided by BDC and the remaining 20% by your financial institution. Meant to support your operational cash flow requirements. Available until or before September 30, 2020.

BDC is offering financing for Canadian-based oil and gas producers, oilfield service companies and midstream providers. Funds are to be used for operational cashflow and business continuity purposes Qualifying businesses must have been financially viable and in good standing prior to the current economic environment. Loan sizes will be between $15 million and $60 million offered at commercial rates, repayable within 4 years.

To address the current challenges of COVID-19, the Canadian government has established an emergency account for businesses. This program allows small and medium-sized businesses (SMEs) and non-profit organizations (NPOs) to apply for a loan of up to $40,000, interest-free until December 31, 2022.

The program will provide forgivable loans to qualifying commercial property owners to cover 50% of three monthly rent payments that are payable by eligible small business tenants who are experiencing financial hardship during April, May, and June.

As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 12 weeks, retroactive from March 15, 2020, to June 6, 2020. This wage subsidy will enable you to re-hire workers previously laid off as a result of COVID-19, help prevent further job losses, and better position you to resume normal operations following the crisis.

Through BCAP, Export Development Canada (EDC) is working with financial institutions to guarantee 80% of new operating credit and cash flow term loans of up to $6.25 million to small and medium-sized enterprises (SMEs). This financing support is to be used for operational expenses and is available to both exporting and non-exporting companies. Contact your financial institution for more information.

IRAP IAP provides a wage subsidy to eligible employers for up to 12 weeks. SMEs pursuing technology-driven innovation who have been unable to secure funding under the Canada Emergency Wage Subsidy (CEWS) are eligible and can apply for financial assistance under IRAP IAP. The call for applications will close Wednesday, April 29, 2020 at 11:59 pm EDT.

NGen will invest at least $50 million in Supercluster funding to support companies as they rapidly respond to the COVID-19 crisis by building a Canadian supply of essential equipment, products and therapeutics.

The Government of Canada will provide up to $306.8 million in short-term, interest-free loans and non-repayable contributions for First Nations, Inuit, and Métis businesses. Financial support will be provided through Aboriginal Financial Institutions and administered by the National Aboriginal Capital Corporations Association, as well as the Métis Capital Corporations in partnership with Indigenous Services Canada.

The Government of Canada is providing $287 million to support rural businesses and communities by providing them with much-needed access to capital through the Community Futures Network. To learn more speak with your local Community Futures.

If you’re operating within the tourism industry in a Canadian national park, historic site, or marine conservation area, you could defer your payments on commercial leases or licences of occupation until September 1, 2020.

The Government of Canada is providing $20.1 million to support young entrepreneurs through Futurpreneur Canada. The funding will allow you to access payment relief via Futurpreneur for up to 12 months.

If your business has a surplus of unsold food items (poultry, potatoes, etc.) that are at risk of going to waste, get funding to help redistribute them to local food organizations who are serving vulnerable citizens. More details to come soon.

The 10% Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). Note: The Canada Emergency Wage Subsidy, which provides a 75% wage subsidy to eligible employers for up to 12 weeks, is a separate program.