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ARTICLE · 03 JUNE 2020

Canada's Top 10 Sources Of Emergency Capital For Businesses

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The Canadian government continues to launch new measures to provide access to capital to businesses and industry sectors during the COVID-19 pandemic.

CanadaStrategy
Bennett Jones LLP
Bennett Jones LLP
Serge Dupont
Serge Dupont
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The Canadian government continues to launch new measures to provide access to capital to businesses and industry sectors during the COVID-19 pandemic. Members of Bennett Jones Public Policy group provide an update on the programs and their details, as well as strategic considerations to keep in mind when accessing emergency funding.

Strategic considerations include:

  • Access to capital programs are primarily designed to relieve immediate liquidity problems.
  • Some programs can be stacked.
  • Smaller loans can be accessed very quickly.
  • Sector specific loans provide additional sources of credit, particularly in the areas of agriculture and new technology. In the oil and gas sector, significant funds were sent to the provinces to distribute for clean-up of orphaned and abandoned wells.

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