March 2020-Parry Sound-Muskoka Recently, the World Health Organization has declared the spread of the COVID-19 virus a global pandemic. This global health crisis has produced a number of challenges for our economy and most importantly to small business owners like yourselves. I have collected several resources for you that may prove helpful as we navigate this crisis together.
A Business Credit Availability Program (BCAP) has been established through Business Development Canada (BDC):
Small Business Loan: Up to $100,000 can be obtained online
Working capital loan: For loans over $100,000 and can support everyday operations Purchase Order Financing: Loans to fulfill domestic or international orders
For more information 1-877-232-2269 or use their online assessment tool
The Employment Insurance program has been restructured. Any employee requiring sick days or isolation can apply for EI Illness. The wait week is waived under this program and medical documentation is not required. Regular benefits can also be obtained for employees that have been laid off. Records of Employment ARE required but not to apply.
Employment Insurance (EI): 1-833-381-2725 or apply online.
To view the Government of Canada’s COVID-19 Economic Response Plan announced March 18th 2020,
follow this link.
Please do not hesitate to contact any of our offices in Huntsville, Parry Sound or Ottawa with any questions or for assistance. We will continue to provide information as it becomes available to us regarding confirmation of additional programs and implementation.
Member of Parliament Parry Sound—Muskoka firstname.lastname@example.org
Parry Sound 705-746-9053