CURRENT COVID-19 Support Programs for Businesses

Home » Business Toolbox » Grants & Financial Supports » CURRENT COVID-19 Support Programs for Businesses

We are maintaining a list of all the programs accessible to area businesses. If you find a program we have not added to our list please email info@cornwallchamber.com.

Contact CFDC has COVID-19 Business Relief Advisor to help.
More Info Here

COVID-19 Energy Assistance Program – Small Business (CEAP-SB)

The Government of Ontario is providing $8 million to support small business and registered charity customers who are struggling to pay their energy bills as a result of the COVID-19 emergency.

CFDC Regional Relief & Recovery Fund

In order to provide targeted assistance to the small towns and communities they serve, CFDCs will focus on assisting “main street” businesses, such as retail shops, restaurants, corner stores, and businesses of strategic importance to their communities, with loans up to $40,000.

Extending the Work-Sharing program

We have extended the maximum duration of the Work-Sharing program from 38 weeks to 76 weeks for employers affected by COVID-19. This measure will provide income support to employees eligible for Employment Insurance who agree to reduce their normal working hours because of developments beyond the control of their employers.

Assistance Available from Digital Main Street Program

October 16, 2020By Bob Peters Cornwall Ontario – The popular Digital Main Street program is providing much-needed assistance to small business owners to strengthen their digital activities.  There are 3 different streams that businesses are able to take advantage of,…

Canada Emergency Wage Subsidy (CEWS)

We are covering up to 75% of an employee’s wages for qualifying eligible employers, with this subsidy rate in effect until March 13, 2021. The wage subsidy supports you to keep and re-hire your employees and avoid layoffs.

The CEWS is available until June 2021.

Co-Lending Program for Small and Medium-Sized Enterprises

Through the Business Credit Availability Program, Business Development Canada (BDC) is working with financial institutions to co-lend term loans of up to $6.25 million to SMEs for their operational cash flow requirements.

Loan Guarantee for Small and Medium-Sized Enterprises

Through the Business Credit Availability Program, 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.

This program is now available at various banks and credit unions.

This support is available until June 2021.

Regional Relief and Recovery Fund (RRRF)

The Federal Government is providing over $1.5 billion through the Regional Relief and Recovery Fund (RRRF) to help more businesses and organizations in sectors such as manufacturing, technology, tourism and others that are key to the regions and to local economies. This fund is specifically targeted to those that may require additional help to recover from the COVID-19 pandemic, but have been unable to access other support measures.

Ontario’s Main Street Relief Grant: PPE support

The Ontario Government is helping small businesses with the unexpected costs of PPE.

Increasing credit availability for farmers

The federal Government has enabled Farm Credit Canada to provide an additional $5 billion in lending to producers, agribusinesses, and food processors. This will offer increased flexibility to farmers who face cashflow issues and to processors who are impacted by lost sales, helping them remain financially sound during this difficult time.

Canada Emergency Rent Subsidy (CERS)

Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.

This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.

If you are eligible for the base subsidy, you may also be eligible for lockdown support if your business location is significantly affected by a public health order for a week or more.

Mid-Market Guarantee and Financing Program

Through the Business Credit Availability Program, EDC’s Mid-Market Guarantee and Financing Program will bring liquidity to companies who tend to have revenues of between $50 million to $300 million, to sustain operations during this uncertain period. EDC will continue to work with Canadian financial institutions to guarantee 75 % of new operating credit and cash-flow loans – ranging in size from $16.75 million to a maximum of $80 million.

Mid-Market Financing Program

Through the Business Credit Availability Program, the Business Development Canada’s (BDC) Mid-Market Financing Program will provide commercial loans ranging between $12.5 million and $60 million to medium-sized businesses whose credit needs exceed what is already available through the Business Credit Availability Program and other measures.

Recent Posts

The Businesses

The Home Hardware stores in North Stormont and North Glengarry pride themselves on supplying quality home improvement and construction materials—not to mention wholesome customer service. The Challenge Lockdown meant closing the stores to in-person shopping. And that...

Update on Provincial status on COVID-19

The announcement late Friday April 16th and the subsequent changes on the 17th have created some confusion on the current state of restrictions. There are two dates to be aware of corresponding to the Provincial response to Covid. The Stay at Home Order expires on May...

Business Support Webinar: Wednesday, April 21st, 2021

The Cornwall & Area Chamber of Commerce is hosting a webinar to go over available programs and answer questions about the current shutdown. Our panellists include: Kent McDougall, CFIB Greg Pietersma, The Cornwall & Area Chamber of Commerce Andrew Seguin, Seguin...

SignUp learn About the chamber

Join the Commerce Cornwall & Area Chambre of Commerce and benefit from all the resources available to help your business thrive. Get started by entering your information in the form and hitting the button.

We don’t share your infomation. Privacy Policy.

15 + 10 =