Resources

Federal Access to Funding

Here you will find all funding information, educational, and other resources for small businesses. Our goal is to make it easy and straightforward for every BEBC member to have access to all available programs.

Managed by the FACE Coalition, this $128 million loan program is a partnership between the Federal governments and banks to fund Black businesses.

FACE, the banks and the Federal government are still in negotiation about the criteria for qualification with applications scheduled to open May 21, 2021

Check back for updates and links to the applications. BEBC will support you in making your applications.

These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19. The guarantee covers amounts ranging from $25,000 to $1 million to ensure a degree of continuity for your business through the pandemic.

The HASCAP Guarantee is available until June 30, 2021.

The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.

Over the past 10 years, small businesses have received over $9.5 billion in asset-based financing representing over 63,000 loans made.

The Canada Emergency Business Account (CEBA) will provide interest-free loans of up to $40000 to Canadian small businesses and not-for-profits. 

Originally launched on April 9, 2020, CEBA is intended to support businesses by providing financing for their expenses that cannot be avoided or deferred as they take steps to safely navigate a period of shutdown, thereby helping to position businesses for successful relaunch when the economy reopens.

As a Canadian employer who has seen a drop in revenue during the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your employee wages. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease your business back into normal operations.

Next Deadline

May 20, 2021: Last day to apply for claim period 9

Next Period Opens

May 9, 2021: First day you can apply for claim period 15

Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue during the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.

This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.

Provincial Access to Funding

Financial Empowerment & Climate Justice

Vancity seeks to support organizations that will implement solutions that help underserved communities and local businesses build financial resilience to safeguard against the climate crisis, life’s emergencies, reduce the risk of financial hardship, and withstand financial shocks. We are seeking to support initiatives that will:

  • Design and deliver economic activities that address the climate transition with a racial equity justice lens and will enable communities and businesses to build financial resilience, withstand financial shocks and take action on climate change.
  • Increase access to safe & stable employment opportunities that will help underserved individuals and communities.
  • Improve financial inclusion by increasing access to resources that will financially empower underserved communities.

Small and medium-sized businesses are vital to British Columbia’s economy. Ensuring they have the support they need through and beyond COVID-19 is critical to B.C.’s economic future.

The $300 Million Small and Medium Sized Business Recovery Grant program will provide grants to B.C. businesses that employ up to 149 B.C. residents and that have experienced declines in revenue due to COVID-19.

The program runs until August 31, 2021 or until the funds are fully allocated, whichever comes first.

Additional grant funding and expanded eligibility criteria announced for the Launch Online Grant program.

The B.C. government has invested an additional $30 million to help BC-businesses move their business online. There is now $42 million of grant funding in place to help small- and medium-size businesses across B.C. move their business model online.

Grant eligibility criteria has been expanded. Businesses that want to enhance or build an online booking system are now eligible to apply. The original eligibility criteria for businesses that want to enhance or build an online shop remains in place.

Investors & Other Funding | Loans | Grants & More

The Canadian government grant and funding website will give you further access to what funding options are available to you at this particular stage of your business. Take a moment to fill out the survey and you will be redirected to a list of potential options.

Shared Knowledge

An important part of our BEBC Society will be sharing the knowledge we have acquired in the process of not only starting and running our businesses, but also gained in our previous or present careers. It will be in sharing our knowledge freely, supporting and learning from each other that we will help us all progress, expand and be collectively successful.

Sharing our knowledge will lead to relationships that allow space and time to mentor each other, have opportunities to bounce ideas and the ups & downs of doing business as a BEB in Western Canada.

Another key part for this section will be encouraging all of us to promote & support each other, get to know what sectors our businesses are in and making a point of always recommending/suggesting a BEB to our clients, friends or family when they ask for advice or if they need a service/products/etc

Networking Opportunities

We will organize networking events, monthly or quarterly to get many of us together often. For the next few months these will be in the form of zoom meet ups until we are able to meet safely in person in future post COVID-19.