COVID-19 Update – Small Business Supports

 

SUPPORT PROGRAMS AVAILABLE FOR BUSINESS

Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses

Government of Canada toll-free information line 1-833-784-4397 

Nova Scotia Website – latest updates

 

NS Government Business Navigators

Our Business Navigators are available to help you with any questions you may have.  Find out more about the service at https://novascotia.ca/regulatoryopportunity/business-navigators.asp

They can be reached Monday to Friday, 8 am to 5 pm at 1-844-628-7347 , 902-424-4475
or by email BusNavigation@novascotia.ca

Nova Scotia Defer Rent Program

Landlords are encouraged to DEFER lease payments for commercial tenants whose revenue has been negatively impacted by COVID 19 for three months.  Two Rent Deferral Agreement forms have been developed to support this.

Financial Supports Summary

The provincial government has announced several initiatives to address cash flow and access to credit for small and medium sized businesses in Nova Scotia:

  • Payment deferrals until June 30 on all government loans, including those under the Farm Loan Board, Fisheries and Aquaculture Loan Board, Jobs Fund, Nova Scotia Business Fund, Municipal Finance Corp. and Housing Nova Scotia.
  • Fees, including business renewal fees and workers compensation premiums, will be deferred.  A list of applicable fees will be posted online early next week.
  • Changes to the Small Business Loan Guarantee Program, administered through 15 provincial Credit Unions, include deferring principal and interest payments until June 30.  Other changes to this program will be announced soon.
  • Changes to the Small Business Loan Guarantee Program, administered through 15 provincial Credit Unions, include deferring principal and interest payments until June 30 and enhancing the program to make it easier for businesses to access credit up to $500,000.  For new loans, the first $100,000 will be fully guaranteed by the province.  Other changes to this program will be announced soon.

CEED Loans Program – We Can Help!

With a simple application process and flexible repayment options, CEED Impact loans give you the freedom to make your business into what you want, the way you want. More adventurous than a traditional bank loan, CEED Impact loans can work with varied credit histories or unusual business ideas. A CEED Impact Loan is more than just a cheque, it’s also a lifeline, where you’ll find on-going business support and advice throughout your entrepreneurial journey. Contact us today – info@ceed.ca

Businesses registered within the Halifax, Dartmouth and Bedford boundaries are eligible to apply.

  • Loans Available From $5,000 to $25,000
  • Low Interest Rate of Prime + 2%
  • Low Principal Payments
  • No Penalty for Early Repayment
  • All $5,000 Loans are Interest Free for 6 Months
  • Up to $60,000 of Additional Funding Available Through CEED’s Community Partners

COVID-19 Update

CONVID -19  Update

March 19, 2020

CEED Offices 

All CEED staff will be working remotely as of Wednesday, March 18 until further notice.  All services can still be accessed remotely, please reach out to the team directly if you have questions or are in immediate services. For general inquiries, please email info@ceed.ca as our general phone line will not operational during this time.

Resources to support you and your business

New information is being released daily and it may feel overwhelming to stay up to date, or figure out where to start. CEED is dedicated to supporting all small businesses during this time.

As part of our commitment to support you and your business, we will be posting updates each day on our Social Media Platforms – sharing helpful resources we have collected to support businesses during COVID-19.

 Latest News/Updates:

Business Resources:

 

 

 

 

CEED Closures & Announcements

Wednesday February 12, 2020.

Due to weather, CEED will delay opening until 9:30am this morning.  Plan To SucCEED/Self Employment Programming will delay delivery until 10:00am this morning, instead of 9:00am.  When travelling, please evaluate your own personal situation and make a decision that is appropriate for you.

CEED Closures & Announcements

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Occasionally, harsh weather conditions may affect our office hours and/or workshop schedule.

Information on morning or afternoon closures, altered timing or cancellations of workshops will be posted on our website and social media platforms by 7 am and 11 am respectively.

We encourage you to assess the road conditions related to your travel and individually determine if you will attend.

CEED Programs are delivered in partnership with ACOA and the Province of Nova Scotia