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Canada’s 2020 Fall Economic Statement highlights that the Regional Relief and Recovery Fund has helped over 15,000 businesses and saved over 100,000 jobs during COVID-19.
The Canada Emergency Business Account (CEBA) has increased their max interest-free loan size to $60K. Those who received CEBA already are eligible for additional funds.
Read about the top five misconceptions related to Canadian business funding and what businesses should consider instead.
Find out how the Ontario provincial government has allocated its 2020 budget and what grant or loan programs your business may be eligible for.
The Emissions Reduction Fund – Onshore Program provides up to $20M in funding towards projects that reduce/eliminate greenhouse gas emissions.
The Regional Relief & Recovery Fund (RRRF) provides interest-free loans to support Ontario SMEs ineligible for other COVID-19 funding programs.
The RRRF has been crucial in stabilizing businesses following impacts of COVID-19. An additional $600 million will continue to offer federal relief solutions to address urgent needs.
The Southwestern and Eastern Ontario Development Funds offer up to $5M to support businesses undertaking economic development initiatives.
Is your business interested in exporting products and services? Here are some funding opportunities for Canadians offered by international organizations.