It’s been two years since the pandemic, and many businesses are still falling through the cracks. Small and medium-sized businesses continue to struggle on a daily basis when it comes to rising operational costs or merely staying afloat. Despite the ease in Covid-19 restrictions across Canada, uncertainty and financial insecurity continues to linger in the background for business owners.
Government-backed Business Loans
Government-supported business loans can play a huge role in helping support business owners and entrepreneurs across the board. According to canada.ca, Canada’s official website,
“The Government of Canada is taking immediate and significant action through Canada’s COVID-19 Economic Response Plan to support people, businesses, and organizations facing hardship as a result of the COVID-10 outbreak.”
If you’re a small business affected by COVID-19, here are two financing programs for small businesses in Canada: