COVID-19 Resources

Need funding due to the impact of Covid-19 ?

Find available grants, funds and packages for individuals and businesses. We will update the page when there is new information.
This information is being provided for informational purposes only and isn’t intended to provide any specific advice and isn’t to be relied upon. Any actions or decisions should be based on independent research and professional advice. Only the documentation supplied by the governmental entity administering the program or service, in connection with that program or service, provides the full detail and terms and conditions. Resonant Solutions doesn’t represent or warrant the accurateness, timeliness or completeness of the information contained herein. Resonant Solutions isn’t liable in any manner whatsoever for any loss or damage caused by or resulting from any inaccuracies, errors or omissions in the information contained on this site.

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Support for Indigenous businesses

If you own a small or medium-sized Indigenous business and are First Nations, Inuit, or Métis, there is business help through the Government of Canada and Aboriginal financial institutions
To be determined by your Aboriginal financial institution

Funding for short-term, interest-free loans and non-repayable contributions through Aboriginal financial institutions, administered by the National Aboriginal Capital Corporations Association and the Métis capital corporations in partnership with Indigenous Services Canada.

Funding available now

Yukon Business Relief Fund

Small and medium-sized businesses in the Yukon can seek financial support from the Yukon Business Relief Fund
Up to maximum of $30,000/month

Program open to Yukon businesses*, including home-based businesses, which have faced a minimum of 30% loss in gross revenue due to the COVID-19 pandemic.

Eligible Yukon businesses will receive between 75 and 100 per cent of their fixed costs up to a maximum of $30,000 per month. The program will cover eligible costs incurred from March 23, 2020 – May 22, 2020.

*A Yukon business means a business that meets three of the following criteria:

  • has an office with a physical address in Yukon;
  • is subject to the Yukon Income Tax Act;
  • is registered as per the Business Corporations Act or the Partnership and Business Name Act, where applicable; and
  • has a valid municipal business license, where applicable.
Applications accepted until June 30, 2020.

Northern Business Relief Fund

Small and medium-sized businesses in the northern territories (Nunavut, Yukon, Northwest Territories) can seek financial support from the Northern Business Relief Fund
Minimum $2,500 to maximum $100,000 non-repayable grant

Non-repayable grants between $2,500–$100,000 to support ongoing operational costs for up to 4 months (retroactive to April 1, 2020)

Eligibility criteria:

  • Business employs fewer than 50 people
  • Businesses with fewer than 20 employees will be prioritized
  • Experiencing economic disruptions due to COVID-19

Yukon businesses can contact the Yukon Business Relief Fund.

Available now.

Capital Bridge Financing Program

For those who operate a high-growth company that has been impacted by COVID-19, it may be possible to get matched financing of at least $500,000 through the Business Development Bank of Canada (BDC) Capital Bridge Financing Program
Maximum $500,000

Matched financing of at least $500,000 in the form of a convertible note if you are already backed by a qualified venture capital firm and have raised at least $500,000 in external capital.

Eligible Canadian companies are those:

  • Backed by a qualified venture capital firm
  • Raised at least $500,000 before applying for the program
  • Impacted by COVID-19
Available now.

Emergency Working Capital Financing

Small businesses in PEI can get a loan of up to $100,000 to help maintain normal business operations during COVID-19.
Maximum $100,000

Get the money on an as-needed basis through multiple advances
No application fee
Fixed interest rate of 4% per annum
Principal & interest payments deferred for minimum 12 months, repayment over the next 5 years
Eligibility criteria: Have an existing, small, registered PEI business with a satisfactory credit rating

Applications being accepted now.
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