Up to $100,000 grants for territorial SMBs affected by COVID-19

Northern Business Relief Fund (NBRF)

Type of Funding

Grant

Max Funding

100,000.00

Region

Provincial

Application Difficuty

Average

Processing Time

Medium (A few weeks)

Province

Northwest Territories
Nunavut
Yukon

Industry

N/A

Funding Goals

COVID-19 Help.

Demographic

N/A

Incorporated

No

Contact

cannor.ytinfo.cannor@canada.ca
867-335-0863

Get A Fast Business Loan

Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +

Funds in 24 hours
$5,000 to $500,000
No hidden fees
No collateral
Applying doesn’t impact credit score

Details

Short term support for territorial businesses impacted by the COVID-19 crisis. The Northern Business Relief Fund (NBRF) provides non-repayable grants ranging from $2,500 to a maximum of $100,000.

Eligibility

Small and medium-sized territorial businesses operating in one or more of the territories, and which are currently, and expect to continue, operating at a loss as a direct result of economic disruptions associated with COVID-19

Similar funding programs

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Work-Sharing (WS) is an adjustment program designed to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer. The measure provides income support to employees eligible for Employment Insurance benefits who work a temporarily reduced work week while their employer recovers. Work-Sharing is a three-party agreement involving employers, employees and Service Canada. Employees on a Work-Sharing agreement must agree to a reduced schedule of work and to share the available work over a specified period of time. The Government of Canada introduced temporary special measures that extend the maximum duration of Work-Sharing agreements from 38 weeks to 76 weeks across Canada for those businesses affected by the downturn in business due to COVID-19 and for the forestry and steel and aluminum sector.
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Work-Sharing (WS) is an adjustment program designed to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer. The measure provides income support to employees eligible for Employment Insurance benefits who work a temporarily reduced work week while their employer recovers. Work-Sharing is a three-party agreement involving employers, employees and Service Canada. Employees on a Work-Sharing agreement must agree to a reduced schedule of work and to share the available work over a specified period of time. The Government of Canada introduced temporary special measures that extend the maximum duration of Work-Sharing agreements from 38 weeks to 76 weeks across Canada for those businesses affected by the downturn in business due to COVID-19 and for the forestry and steel and aluminum sector.
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