Last Updated: April 2021
Practically every business is being affected by the economic downturn caused by the COVID-19 pandemic, but small businesses can be hit particularly hard.
When you’re an entrepreneur and your revenue suddenly drops, it’s easy to become overwhelmed by the overhead costs of your business. However, Canada’s federal and provincial governments have shifted into high gear and created a number of new programs that you may benefit from. We’ll help you navigate the new support programs that have been put in place to help businesses during the coronavirus outbreak.
These programs focus on making loans and financial relief available to sustain your small business during these challenging times.
Keep in mind that some of these programs are being updated very quickly, sometimes even on a daily basis, to keep up with the needs of Canadians and the changing situation. The Government of Canada website and your provincial government website will have the most up to date information about these changes, so make sure to consult those resources before applying.
For more information on financial support (such as for your personal living expenses) check out our article on financial resources during