{"id":300,"date":"2022-06-30T06:00:42","date_gmt":"2022-06-30T10:00:42","guid":{"rendered":"https:\/\/blog.tossdown.com\/?p=300"},"modified":"2022-07-28T06:32:08","modified_gmt":"2022-07-28T10:32:08","slug":"covid-19-grants-for-business-owners","status":"publish","type":"post","link":"https:\/\/tossdown.com\/blog\/covid-19-grants-for-business-owners\/","title":{"rendered":"COVID-19 Grants for Business Owners in Canada"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Are you looking for some extra funding to get your startup on track for success?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Small business owners might find it difficult to meet their operating costs at times. The post-pandemic world has left many young businesses feeling insecure about their finances. In these circumstances, it\u2019s best to explore small business loans and financing options. The Government of Canada provides financial support to young and developing businesses to promote economic growth and development, especially in the aftermath of COVID-19.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Government loans, grants, and subsidies are popular sources of funding and often a necessity for startups competing with century-old industry giants. Nowadays, businesses that are struggling to stay afloat have plenty of options to improve their financial standing. Finding the right financing option is essential to the success of any startup and it\u2019s important to thoroughly research any lenders before coming to a decision.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tossdown.com\/blog\/covid-19-grants-for-business-owners\/#Government-backed_Initiatives\" title=\"Government-backed Initiatives\">Government-backed Initiatives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tossdown.com\/blog\/covid-19-grants-for-business-owners\/#Financing_Programs_for_Small_Businesses\" title=\"Financing Programs for Small Businesses\">Financing Programs for Small Businesses<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Government-backed_Initiatives\"><\/span><span style=\"font-weight: 400\">Government-backed Initiatives<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Government-backed initiatives can play a key role in helping support business owners and entrepreneurs across the board. In January 2022, the Federal Economic Development Agency for Southern Ontario announced a <\/span><a href=\"https:\/\/www.canada.ca\/en\/economic-development-southern-ontario\/news\/2022\/01\/government-of-canada-supports-start-up-businesses-across-southern-ontario.html\"><span style=\"font-weight: 400\">$5.4 million collaboration<\/span><\/a><span style=\"font-weight: 400\"> between NACO and AIO to support new ventures and strengthen angel investment in Southern Ontario.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-387 size-large\" src=\"http:\/\/blog.tossdown.com\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-1024x683.jpg\" alt=\"effortless ecommerce\" width=\"1024\" height=\"683\" srcset=\"https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-1024x683.jpg 1024w, https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-300x200.jpg 300w, https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-768x512.jpg 768w, https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-1536x1024.jpg 1536w, https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-2048x1365.jpg 2048w, https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-150x100.jpg 150w, https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-696x464.jpg 696w, https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-1068x712.jpg 1068w, https:\/\/tossdown.com\/blog\/wp-content\/uploads\/sites\/7\/2022\/04\/6505894-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the Minister responsible for FedDev Ontario, <\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400\">\u201c<\/span><\/i><i><span style=\"font-weight: 400\">With this investment, early-stage businesses will be able to access the mentorship and capital they need to grow and succeed. The Government of Canada is committed to helping grow companies that create jobs so that we can continue to foster a strong and inclusive economic recovery.&#8221;<\/span><\/i><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">The Canadian government is committed to incentivizing entrepreneurs to initiate their startup plans into action and survive through difficult economic times. If you\u2019re a small business owner looking to enter the online food industry, you can reach out to <\/span><a href=\"https:\/\/tossdown.ca\/\"><i><span style=\"font-weight: 400\">tossdown<\/span><\/i><\/a><span style=\"font-weight: 400\"> for a cost-effective e-commerce solution. We offer commission-free sales and orders so you can focus on growing your business without having to worry about any transaction fee or hidden charges.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financing_Programs_for_Small_Businesses\"><\/span><span style=\"font-weight: 400\">Financing Programs for Small Businesses<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">There are many financing options available for small businesses in Canada. Here are some of them:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Canada Small Business Financing Program: This program makes it easier for new ventures to acquire loans from financial institutions by sharing the risk with lenders.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Business Loans for Entrepreneurs (BDC): Designed to help you quickly and easily access funds you need, BDC financing can be used to supplement cash flow, sell online, and cover operating expenses.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Regional Innovation Ecosystem: Funding under this stream helps in building and supporting region-specific businesses in Canada, necessary for the development of innovative regional economies.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Boost Your Business Technology: This grant offers support to Canadian-owned SMEs that want to adopt new digital technologies.\u00a0<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">Planning on accessing small business government grants? Visit <\/span><a href=\"https:\/\/www.canada.ca\/en\/department-finance\/economic-response-plan.html#financial_support\"><span style=\"font-weight: 400\">Canada\u2019s official website<\/span><\/a><span style=\"font-weight: 400\"> for more information on financial support for people, businesses, and organizations.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you looking for some extra funding to get your startup on track for success?\u00a0 Small business owners might find it difficult to meet their operating costs at times. The post-pandemic world has left many young businesses feeling insecure about their finances. In these circumstances, it\u2019s best to explore small business loans and financing options. [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[17,18],"class_list":{"0":"post-300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blog","8":"tag-covid-19","9":"tag-financing-program"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COVID-19 Grants for Business Owners in Canada - tossdown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tossdown.com\/blog\/covid-19-grants-for-business-owners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19 Grants for Business Owners in Canada - tossdown\" \/>\n<meta property=\"og:description\" content=\"Are you looking for some extra funding to get your startup on track for success?\u00a0 Small business owners might find it difficult to meet their operating costs at times. 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