CURRENT COVID-19 Support Programs for Businesses

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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

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.

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.

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.

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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.

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.

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.

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.

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,…

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.

Ontario’s Main Street Relief Grant: PPE support

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

NON-repayable Funding Support FOR TOURISM BUSINESSES IN SDG, Cornwall & Akwesasne Recipient List

Applying OrganizationCityWebsiteJakob Vogel, Stephanie Allen (Fields of Gold)Doran Bay ResortIroquoisFirst Canada Inns CornwallCORNWALLwww.firstcanadainns.caMrs B’S Crafts & GiftsCORNWALLwww.mrsbsgifts.getpayd.comWood Brothers Brewing Company LTDGlen…

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