COVID19 Grants & Supports

Home » COVID19 Grants & Supports

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.

read more

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.

read more

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.

read more

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.

read more

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.

2 + 10 =