• COVID-19
  • Financial Relief For Businesses

FINANCIAL RELIEF FOR BUSINESSES

Skip to main content


We know that these unprecedented times have produced financial challenges for entrepreneurs and businesses. We’re here to support our many local business and commercial members through unexpected COVID-19-related difficulties.  

Financial relief measures for businesses 


​The Canada Emergency Business Account (CEBA)
Through which the federal government will provide funding to eligible financial institutions so they can provide interest-free loans up to $40,000 to qualifying businesses. A quarter of this loan (up to $10,000) is eligible for complete forgiveness and requires no minimum monthly payments until December 31, 2022. To determine if you qualify and to apply, visit our Canada Emergency Business Account page.


Business Credit Availability Program (BCAP) for Small and Medium Enterprises
To support the operations of our members with small and medium-sized enterprises that are particularly vulnerable to the impacts of COVID-19, we have partnered with Economic Development Corporation (EDC) to extend cash flow term loans used to finance short-term operational costs. Canadian businesses in all sectors that were otherwise financially viable and revenue generating prior to the COVID-19 outbreak are eligible to apply. To determine if this program is right for your business, please contact your Business Advisor directly or contact us at 1-888-597-1083 to speak to one of our financial experts.  


Co-Lending Program for Small and Medium Enterprises
To provide additional liquidity support for our members with small and medium-sized enterprises, we will partner with Business Development Bank of Canada (BDC) to co-lend term loans for operational cash flow requirements. Similar to the EDC program, Canadian businesses in all sectors that were otherwise financially viable and revenue generating prior to the COVID-19 outbreak are eligible to apply. To determine if this program is right for your business, please contact your Business Advisor directly or contact us at 1-888-597-1083 to speak to one of our financial experts.    


Additional support
We understand not all businesses meet the qualification requirements of the financial relief measures provided by the Government of Canada outlined above. However, we also understand just how great the need is to support our member businesses who are suffering adverse economic effects as a result of COVID-19.  

We’re available to review and address your business’ unique financial situation on a case-by-case basis to see what financial relief options might be available to you. Whether it be flexible loan payment options, payment reductions, interest only payments or deferrals, or in some cases additional liquidity, our team will provide customized advice and solutions to meet your short- and long-term needs that make sense for your business and industry.   

Please contact your Business Advisor directly or contact us at 1-888-597-1083 to speak to one of our financial experts.  



Visit our FAQs for more information on current financial relief measures, as well as other frequently asked questions.

Skip to main content

WE'RE HERE FOR YOU

Everything is easier with a little help.

Skip to main content