The Ontario Small Business Support Grant is intended to help small businesses (including sole proprietorships) in Ontario that are required to close or significantly restrict services under Ontario’s province-wide shutdown effective December 26, 2020.
Eligible businesses can receive between $10,000 and $20,000. Starting at $10,000 for all eligible businesses, the grant will provide businesses with funding up to a maximum of $20,000 to help with revenue losses expected as a result of the province-wide shutdown.
Businesses will be able to use the support in whatever way makes the most sense for them. For example, some businesses will use the support to pay employee wages, while others will need support maintaining their inventory.
Eligible applicants are those that:
– Are required to close or significantly restrict services due to the province-wide shutdown effective 12:01 a.m. on December 26, 2020 (please refer to “Eligible Businesses” section)
– Experienced revenue decline of at least 20 per cent, (please refer to “Calculating Revenue Loss “ section), and
– Had 99 employees or less at the enterprise level (please refer to “Enterprises” section for definition and further details).
The program aims to process applications and issue payments within 10 business days with EFT following the submission of a complete application.
Businesses impacted by the Province-wide Shutdown are also eligible for additional supports, including the government’s program to provide rebates to offset fixed costs such as property tax and energy bills. These rebates will continue to be available for businesses impacted by the Provincewide Shutdown and earlier restrictions
Please find the link to the application here: https://www.app.grants.gov.on.ca/msrf/#/
Application guide here: https://www.app.grants.gov.on.ca/msrf/assets/guide.pdf