Online Resources: Support for Canadian Businesses during COVID-19
By Steve Adams
Last Updated: March 19th, 2020
If there’s one positive takeaway from the crisis caused by COVID-19, it’s that we’re all in this together. As an entrepreneur, you are far from alone in your struggle to maintain a new business while transportation, events, restaurants and more are being forced to close. You may have already been obliged to close your doors and are wondering how to keep your staff and self afloat. Fortunately, government bodies are working to find ways to assist you financially and numerous businesses are sharing best practices that can help you shift your business to survive or even flourish.
The following is a list of resources for you to consult that will help you get through this trying time. We will be updating this page as new resources become available.
Resources and guides for businesses – Trade Commissioner Service – Government of Canada
Here you will find information about how the Canadian Government is financially supporting businesses and their employees. You can also read about the government’s recommendations in relation to business preparedness, business travel, and market-specific insights from trade commissioners.
The Work-Sharing program – Canadian Chamber of Commerce
A resource for more detailed information about the Work-Sharing program—which helps Canadian businesses avoid layoffs during temporary reductions in business beyond their control.
Managing cashflow in a crisis – Deloitte
In this PDF, Deloitte offers advice on how to mitigate the impact of COVID-19 on cash flow—especially when COVID-19 is affecting your supply line.
How to work from home – Courier Media:
Courier Media, now owned by Mail Chimp, has put out a guide to transitioning your office to remote working.
Support for entrepreneurs impacted by COVID-19 – BDC
If you are in need of a loan, BDC is establishing the Business Credit Availability Program (BCAP) increasing the amount of financing available to entrepreneurs by $10 billion. In these challenging times, a loan can help bridge the gap between now and when society returns to a state of normalcy.
The BDC will be offering entrepreneurs flexible financing, such as equipment loans, working capital loans and purchase order financing.
The program will also allow entrepreneurs to access liquidity to keep exporting during the outbreak and recovery.
Live Webinar – BDC
Experts from the BDC will be sharing advice on how to manage the short-term and longer impacts of COVID-19. Entrepreneurs should definitely check it out—March 25, 2020 – 12:00 p.m. (EDT). You can sign up for the webinar by clicking on the link below.
Supplies Needed – Buy and Sell – Government of Canada
If you are in a position to help, the Canadian government is in need of products and services:
Disposable N95 masks
Disposable surgical masks
Bottles of hand sanitizer
Other prevention products
Guard / security services
Accommodation maintenance services
IT support services
Click on the link below to get in touch with the government of Canada.
Facebook offering $100 million in grants – Facebook
30 000 small businesses in 30 countries are eligible for a grant from Facebook. This amounts to an average of $3,333 per business. The grants are intended to help small businesses with rent and operational costs.
Facebook is accepting applications in the coming weeks.
How to cope with the impacts of COVID-19 on your business
Join BDC experts as they share short-term economic perspectives and advice on how to manage through the crisis.
Resources for Montreal start-ups – Bonjour Startup
The organization, Bonjour Startup, has put together a spreadsheet with numerous resources. Although the document is geared toward helping Montrealers, there are broader appealing resources listed.
Remember to check back daily as we update this list of resources, or go directly to the websites themselves.
We wish you and your loved ones the best during the COVID-19 pandemic.
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