Applications for the new Ontario Small Business Support Grant.
The money is to help small businesses that are forced to close or restrict services because of the pandemic shutdown.
Starting at $10,000 the grant offers eligible businesses with dollar for dollar funding up to $20,000 to help makeup lost revenue related to the shutdown.
ELIGIBILITY REQUIREMENTS
– Business must have fewer than 100 employees at the enterprise level.
– Have experienced a minimum of 20 percent revenue decline comparing April 2020 to April 2019 revenues (or alternate time periods for businesses that were not in operation in April 2019).
BUSINESSES THAT ARE NOT ELIGIBLE
-Those that were already required to close prior to the introduction of modified Stage 2 measures.
-Essential businesses permitted to operate with capacity restrictions (e.g., discount and big box stores selling groceries, supermarkets, grocery stores, convenience stores, pharmacies, and beer, wine and liquor stores).
Check the Application Guide for more information. https://www.app.grants.gov.on.ca/msrf/assets/guide.pdf
