Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +
For small businesses engaged in commercial enterprises employing 1 to 49 employees, with sales for the most recent fiscal year of less than $10 million.
For businesses which have experienced adverse effects on or after March 15, 2020, as a result of the COVID-19 pandemic and have a reasonable plan or prospect to remain viable after the pandemic.
Available to a corporation, proprietorship, partnership or joint venture or First Nation enterprise.
The small business must be registered with Service NB and have its primary place of operations in New Brunswick.
If the business is a corporation, the corporation must be in good standing as of January 1, 2020.
Applicant must have been in good standing and current with their financial institutions, and government remittances prior to the COVID-19 crisis, and have no prior history of bankruptcy or default.
Applicant must have explored options with their financial institution and federal support programs.
Been viable and not experiencing liquidity or other financial difficulties as of March 15, 2020.
Is not engaged in a business that is substantially funded directly or indirectly from public sources.
The business must have been current as of March 1, 2020, to entities that extended financing to the small business and under any lease of premises or asset.