Saskatoon: SREDA SMALL BUSINESS EMERGENCY CONTINUITY GRANT PROGRAM

by | Apr 3, 2020 | 2020 Only, Blog, Coronavirus

Helping small businesses that are experiencing significant financial challenges due to the COVID-19 pandemic

Application deadline: April 6, 2020 at 12:00 p.m.

The SREDA Small Business Emergency Continuity Grant Program provides grants of up to $5,000 to small businesses located in the Saskatoon Region that are experiencing significant financial challenges due to the COVID-19 pandemic.

Please note that our funding for Phase 1 is $100,000. Phase 2 will be announced pending access to additional funding.

Eligibility

You are eligible to apply if you are experiencing a substantial downturn in business activity related to the outbreak of COVID-19 resulting in significant financial challenges, and if you:

  • Operate in the Saskatoon Region.

  • Are a for-profit commercial business. At this time, we are not accepting home-based business applications.

  • Have 10 or less full-time equivalent (FTE) positions, including owner(s) and sub-contract employee(s).*

  • Have been in business for more than 6 months and less than 5 years.

  • Are able to immediately provide proof of business existence by providing one of the following:  business registration certificate, business insurance, municipal business license, PST account, business statement, statement of business activities or corporate tax returns from previous tax years.

*Full-time equivalent (FTE) positions represents 30 hours of work per week. Two part-time employees working 15 hours per week are considered 1 FTE. If one employee works 37.5 hours per week this is still considered 1 FTE.

Before you apply, please note:

  • We are accepting one application per business.

  • Application questions include both pre-COVID-19 and post-COVID-19 business objectives, revenue, expenses, etc.

  • Other income and subsidy sources will be considered.

  • Preference will be given to non-allowable businesses as indicated by the Government of Saskatchewan. To view list of non-allowable business services, visit: saskatchewan.ca

  • Incomplete applications may not be allowed for resubmission.

  • Approved applicants will be required to complete a post-funding survey.

  • Application deadline: April 6, 2020 at 12:00 p.m. Applications will not be accepted after this date.

Go to Application