Canada Emergency Commercial Rent Assistance

Canada Emergency Commercial Rent Assistance program released

Submitted by trufinancial
on Fri, 04/24/2020 - 15:03
We have now the details on the Canada Emergency Commercial Rent Assistance that the Prime Minister’s Office had released. 
 
First and foremost, this is a loan program.
 
Businesses will be able to apply for amount to cover 50% of their three monthly commercial rent payments during April, May and June.
 
Of course, the most important part is always whether you qualify, your business will be eligible if:
- You are paying less than $50,000 per month in rent 
- You have temporarily ceased operations or have experienced at least a 70% drop in pre-COVID-19 revenues.
 
With you landlord’s
Tags: 
Canada Emergency Commercial Rent Assistance
covid19
rent
coronavirus
loan
small business