|Funding, Resources and Best Practices
To assist business planning and continuity efforts during this time, the Canadian Chamber of Commerce has developed this guide. It includes links to some of the most relevant and credible information, best practice tools and resources. A Pandemic Preparedness Toolkit can be downloaded here.
To support businesses during this extraordinary time, the Government of Canada has established a Business Credit Availability Program to further support financing in the private sector through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC). This will allow BDC and EDC to provide more than $10 billion of additional support to businesses.
Businesses in need of financing can contact BDC for either a Small Business Loan (up to $100,000 can be obtained online), Working Capital Loan (extra funds to bridge cash flow gaps and support everyday operations), or Purchase Order Financing (increase cash flow to fulfill domestic or international orders with very flexible terms).
For details on Employment Insurance (EI) and Work-Sharing programs from Employment and Social Development Canada, including temporary special measures, please click here.