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Dear Members,

The Sackville Business Association(SBA) is committed to providing the latest information to SBA members to help business through these uncertain times.
Small Business Reopening and Support Grant
Applications for the Provincial Small Business Reopening and Support Grant are now open for group 1 and group 2. Eligible businesses for group 2 applications are independent, Nova Scotian owned small retail businesses or social enterprises that have leased or owned retail premises, total annual sales of more than $25,000 and less than $300,000, that experienced a loss of monthly sales in April or May 2020 of more than 30% compared to April or May 2019. These businesses are eligible for a grant of 15%, up to $5,000, of the business’s revenue from sales for the month of April or May 2019 or February 2020. Deadline to apply June 30th.  Applications available HERE.
 
Canada Emergency Business Account- eligibility expanded
More businesses will soon be eligible to apply for the CEBA.  This means that owner-operated small businesses that had been ineligible for the program due to their lack of payroll, sole proprietors receiving business income directly, as well as family-owned corporations remunerating in the form of dividends rather than payroll are now eligible.
 
To qualify under the expanded eligibility rules, CEBA applicants with payroll lower than $20,000 will need: 
  • A business operating account at a participating financial institution;
  • A Canada Revenue Agency business number;
  • A 2018 or 2019 tax return; and  
  • Eligible non-deferrable expenses of between $40,000 and $1.5 million.
Eligible businesses will qualify for financing of up to $40,000, with 25 per cent of this being forgivable based on the current terms of CEBA loans. Businesses can contact their primary financial institution for more information or to apply directly for CEBA. More information on the expanded CEBA can be found on the program’s website.

Canada Emergency Response Benefit extended until the end of August

Extra 8 weeks available – CERB extended from 16 weeks to 24 weeks for workers who:

  • stopped working due to COVID-19 or
  • are eligible for Employment Insurance regular or sickness benefits or 
  • have exhausted their Employment Insurance regular benefits or Employment Insurance fishing benefits between December 29, 2019 and October 3, 2020.

More info on CERB can be found here


 
Contact
Beginning June 8th, the SBA office will be open by appointment. 
If you have any questions or concerns, please do not hesitate to contact us: 
info@sackvillebusiness.com  
cell (902) 430-2377

You can find all of the SBA's COVID-19 Updates at:
www.sackvillebusiness.com/covid-19


Nova Scotia Business Labour Economic Coalition

The Sackville Business Association is a member of the Nova Scotia Business Labour Economic Coalition (NSBLEC). We meet three times a week with all levels of government to bring forward member concerns and find solutions.
Join the Sackville Business Community private Facebook page, a place where business owners can post helpful information and support one another without being in the public spotlight. Click the image below:
Please note: To the best of our knowledge the information contained in this email was accurate at the time of sending, however, programs can change rapidly so this information should be used as a guide only.
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