The 411 on COVID-19 Funding - Your Questions Answered - Forum for Women Entrepreneurs
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The 411 on COVID-19 Funding
Your Questions Answered
Our Panelists • Melanie Rupp, Women’s Enterprise Centre • Chantal Pitre, TD • Lindsay Jones, HSBC • Hedy Afsharian, CIBC • Devinder Gill, RBC
Melanie Rupp Director of Loans and Advisory Services Women’s Enterprise Centre www.wec.ca
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Government of Canada
Covid-19 Emergency Financing Programs
Resource Amount and Terms Eligibility
Canada Emergency Up to $40k; 0% interest to Dec 2019 payroll $50k - $1 million;
Business Account (CEBA) 31/22; 25% forgiven if paid by end apply through primary bank
of 2022; 3-year extension at 5%
Business Credit Availability Program (BCAP)
Co-Lending Program May include 12 mo interest only; Must have existing business
(80% BDC/20% FI) commercial interest rate; 10-year banking debt with bank; apply
term through primary bank
Loan Guarantee for New operating credit and cash Details are being finalized; roll
Small & Medium flow term loan for working capital out mid-April
Businesses (EDC) needs in Canada
@businesswomenbc
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Covid-19 Resources and Support:
• Loan Relief Program for existing loan clients
• Dedicated webpage at wec.ca/covid19
• Free one-on-one appointments with a Business Advisor
• Free weekly webinar Fridays at 10 am; Pre-register
• Previous webinar recordings; e.g. Financial, Negotiating
• Useful resources; e.g. cash flow template, learning guides ($5)
inquiry@womensenterprise.ca 1.800.643.7014 womensenterprise.ca
Connect with us for personalized support!
@businesswomenbc wecbc wecbc
Chantal Pitre National Manager, Women Entrepreneurs TD www.td.com
COVID-19 other support that exist within TD for Women Entrepreneur
Forum for Women Entrepreneurs The Brand is Female, Futurpreneur Canada, Women Entrepreneur
Mentorship Collaboration Women Entrepreneurs Side Hustle Program Accredited Bankers
New March 2020 Podcast Collaboration, New Jan 2020 Loan for start-ups with Mentorship
New Jan 2020 Gender Intelligence
1 year Mentorship The podcast series is a great way for training for bankers
Online coaching women entrepreneurs to learn If you are between 18 to
combined with 2 days
Discount for TD clients. through other females. 39 years old
bootcamp to serve
1- Contact me if you have innovative Women Entrepreneur
story to share
2-Listen to what support is available
Lindsay Jones Vice President, BC-M&A, HSBC Bank Canada HSBC Canada www.hsbc.com
Support for Canadian Businesses from the economic impact of COVID-19 from the Department of Finance: https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses- from-the-economic-impact-of-covid-19.html Canada Emergency Business Account (EDC), live 9th April. $25 billion program will provide interest-free loans of up to $40,000 to small businesses, to help cover their operating costs due to the economic impacts of COVID- 19. Existing HSBC customers can apply through this link: Existing HSBC customers experiencing financial hardship due to COVID-19, interested in deferral options or programs may be eligible to qualify for additional relief measures we offer. Contact your HSBC Relationship Manager who can assist you or you can fill out our relief form: https://www.hsbc.ca/1/2//applications/apply/?WABFormEntryCommand=cmd_prefill Webinar Series Navigating your business during uncertain times, Economic Update and Outlook. https://www.brighttalk.com/webcast/17590/395845?utm_campaign=communication_missed_you&utm_medium= email&utm_source=brighttalk-transact&utm_content=title Five ways your business can respond https://www.business.hsbc.ca/en-ca/ca/article/novel-coronavirus Cyber crime prevention: https://www.business.hsbc.ca/en-ca/ca/article/cybercrime-is-on-the-rise
Hedy Afsharian Director Business Banking CIBC www.cibc.com
Devinder Gill Regional Vice President, Business Financial Services BC RBC www.rbcroyalbank.com
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