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GovNL launches Small Business Assistance Program

NOTE: This opportunity has expired or is an event which has already taken place.

Budget 2020 outlined a commitment for a $30 million Small Business Assistance Program (SBAP), including $25 million for eligible small businesses and $5 million for eligible non-profit community organizations. This new short-term program offered by the Department of Industry, Energy and Technology will provide financial support to eligible small businesses and non-profit community organizations to provide relief for the impacts felt as a result of the COVID-19 pandemic.

APPLICATIONS WILL BE PROCESSED ON A FIRST COME, FIRST SERVED BASIS UNTIL DECEMBER 15, 2020 (OR EARLIER DATE IF FUNDS ARE EXHAUSTED).

Small Businesses:

Eligible small businesses can apply for a one-time non-repayable contribution of $5,000, $7,500 or $10,000 to provide relief for the impacts felt as a result of the COVID-19 pandemic, such as revenue losses and business adaptations required including physical space, online sales innovation and increased costs of health and safety protocols.

Non-Profit Community Organizations:

Eligible non-profit community organizations can apply for a one-time non-repayable contribution of $5,000 or $10,000 to provide relief for the impacts felt as a result of the COVID-19 pandemic, such as revenue losses and adaptations required including physical space, online sales innovation and increased costs of health and safety protocols.

The Small Business Assistance Program complements other Provincial Government supports announced to date as well as existing emergency supports from the Government of Canada.

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