2020 has been a year that everyone would like to forget. But, hard to do so considering all that has taken place.
The Covid Pandemic has put a big strain on the economy and has caused thousands of small businesses to close doors.
Since the start of the pandemic, thousands of businesses have been put on hold, many have closed but many have evolved and shifted business to accommodate the new norm.
Restaurants are starting more take out; partnering with food delivery companies.
Funeral homes are staring virtual funerals 😬
Gyms started offering virtual training…etc
But it’s hard to evolve. Considering the many brick and mortar businesses, some that have been around for 10+ years – it’s not easy to just up and leave, or change the business model.
To help, the Ontario government has allowed in for small business grants and other forms of funding to help and support the entrepreneurship.
While they allowed for some wage subsidies, some rent support..etc; the big funding is still open – and most people are missing out.
Small Business Grants in Ontario for 2020
Ontarian is somewhat of a small business hub, with many reputable big businesses, funnelling tax money into the economy – plus the Ontario government striving to boost the economy by supporting such entrepreneurs. This is where you come in, as a small business owner or startup entrepreneur who can take advantage of the available funds.
The small business grants in Ontario for 2020 are generally available to help boost your business with training support, hiring/wage support, going green and as well adjusting for the covid precautions , to protect yourself, your staff and your customers.
These small business grants in Ontario are available to help, but they are not for everyone.
To find out if you may be eligible for any small busienss grants in Ontario for 2020, or 2021’s upcoming funding options, give a Canada Startups agent a call on 1-800-288-9691 and get the help you need.
Small Business Funding In Ontario
In Ontario, per-pandemic and during the pandemic, a lot of funding help is available.
The banks have stepped up to assist, but the majority of the funding provided is via the already existing government funding options.
These funding options include:
- non repayable grants
- partial contributions
- conditionally repayable grants
- no interest loans
- low interest loans
- government guaranteed loans
- conditionally repayable loans
- tax breaks and credits
The funds are there to help you as a small business owner or startup entrepreneur in Ontario.
Before you apply for small business grants or funding in Ontario
There are a few key points to consider before you apply for any funding. These include:
- Ensure you have a business plan completed
- Complete your 3 year financial projections
- Breakdown your specific funding needs (in the right format)
- Find the programs which you are eligible for and meet the criteria
- Review the applications (before sending off)
The Canada Startups experts have helped many in Ontario with the funding search, though the business plan process, so be sure that you get the help before it’s tool late.
Now is the best time to apply for funding. Ontario small business funding options are available – take action now.
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