Learn about some of the programs available to support businesses.
Invest Surrey is a great starting point for local information for businesses responding to COVID-19.
Business Credit Availability Program
Providing $65 billion in support to businesses to bridge these difficult times.
From the Government of Canada:
This program includes:
Canada Emergency Business Account
Will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced. To qualify, these organizations will need to demonstrate they paid between $20,000 to $1.5 million in total payroll in 2019.
Loan Guarantee for Small and Medium-Sized Enterprises
Export Development Canada is working with financial institutions to issue new operating credit and cash flow term loans of up to $6.25 million to SMEs.
Co-Lending Program for Small and Medium-Sized Enterprises
Business Development Bank of Canada is working with financial institutions to co-lend term loans to SMEs for their operational cash flow requirements. Eligible businesses may obtain incremental credit amounts of up to $6.25 million through the program.
These programs will roll out in the three weeks after March 27, and interested businesses should work with their current financial institutions.
Fleetwood Business Improvement Association
Information on which businesses are open in the Fleetwood area, programs available and how to prepare your business.
Greater Vancouver Board of Trade
Hosting free webinars on a number of topics related to COVID-19 and how businesses can navigate it.
COVID-19 Business Resource Centre
Find webinars, business continuity and best practices, design specs for products needed during COVID-19, and other resources. Created by the City of Surrey to support local business.
Online Ordering and Food Delivery
Surrey Restaurants can get support signing up for a variety of food delivery services. Fill out a form and the City of Surrey will fast-track you in the application process.
Property Taxes: City of Surrey 90-day extension to pay taxes without late penalties
Tel: 604-591-4181 email@example.com
The 2020 due date for property taxes is July 2, 2020. In order to provide financial relief to our residents, the City has changed the penalty date to October 1, 2020. This change in penalty date will allow a 90-day extension to pay taxes without late penalties. A 10% penalty will be levied to all accounts with outstanding balances on October 1, 2020. The penalty is also applicable on the homeowner grant portion of your taxes.
Small Business BC
Small Business BC is collecting resources for small businesses on responding to COVID-19. Find information about wage subsidies, business opportunities, and entrepreneurship.
Surrey Board of Trade
Free webinars on business during COVID-19. A number of them are recorded for viewing and there are more upcoming events online.
75% wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. Businesses and non-profit organizations that see a drop of at least 30% in revenue due to COVID-19 will qualify. This will help businesses to keep and return workers to the payroll. More details on eligibility criteria will start with the impact of COVID-19 on sales, and will be shared before the end of the month.
Tel: 1-800-367-5693 (Employers)
Tel: 1-800-206-7218 (Employees)
Implementing the EI Work Sharing Program, which provides EI benefits to workers who agree to reduce their normal working hours as a result of developments beyond the control of their employers. The government has extended the eligibility of such agreements to 76 weeks, easing eligibility requirements, and streamlining the application process.
Working Together Wage Subsidy by Neil Squire Society
400-3999 Henning Drive Burnaby, BC, V5C 6P9
Tel: 604 473 9363 ext. 131 or 137 firstname.lastname@example.org
Neil Squire Society’s wage subsidy Program ‘Working Together’ connects job seekers with a disability to employers. Although the office is currently closed due to the pandemic, all services are now offered virtually. ‘Working Together’ is continuing to provide other employment services to support businesses such as:
- Candidate screening.
- Various distance technologies, including platforms for video conferencing.
- Training for you and your staff in using remote technology.
Canada Emergency Commercial Rent Assistance (CECRA)
The program will seek to provide loans, including forgivable loans, to commercial property owners who in turn will lower or forgo the rent of small businesses for the months of April (retroactive), May, and June. Implementation of the program will require a partnership between the federal government and provincial and territorial governments, which are responsible for property owner-tenant relationships. We are working with the provinces and territories to increase rent support for businesses that are most impacted by the pandemic and we will have more details to share soon.