Financial Help
Financial support, assistance and relief programs are now available in the United States and Canada.
Here are some places
you can find out more.
In the United States:
The Coronavirus Aid, Relief, and Economic Security (CARES) Act
- direct economic assistance for American workers and families, small businesses, and preserves jobs for American industries.
For Individuals and Families
https://home.treasury.gov/policy-issues/cares/assistance-for-american-workers-and-families
For Small Business
https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
** New loan package announced April 21st**
More news and information:
Senate approves $310 billion in new SBA PPP loan money. What you should know, from fortune.com
https://fortune.com/2020/04/21/small-business-loans-extra-ppp-coronavirus-stimulus-cares-act-sba/
How to get a small-business loan under the new $484 billion coronavirus aid package, from the Washington Post (April 22)
https://www.washingtonpost.com/business/2020/04/22/small-business-loan-faq/
What's in the $2 trillion coronavirus stimulus bill, from CNN.com
https://www.cnn.com/2020/03/25/politics/stimulus-package-details-coronavirus/index.html
F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Plan, from the New York Times
The $2 trillion relief bill will send money directly to Americans, greatly expand unemployment coverage and make a number of other changes.
https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html
Check your balance: Coronavirus stimulus money starts to flow into bank accounts, from NBC.com
The IRS tweeted Saturday that payments to qualifying Americans with direct deposit accounts set up had begun to receive their coronavirus relief payment.
Coronavirus stimulus payments begin April 9, but some won’t receive checks until September, from The Washington Post (April 2nd)
https://www.washingtonpost.com/world/2020/04/02/coronavirus-latest-news/
55 Federal, State and Nonprofit Relief Efforts and Funds to Help You Through the Coronavirus Pandemic, from Entrepreneur.com
A list of relief efforts and funds currently available
In Canada:
Canada’s COVID-19 Economic Response Plan
https://www.canada.ca/en/department-finance/economic-response-plan.html
Canada Emergency Response Benefit
For Individuals & families
https://www.canada.ca/en/department-finance/economic-response-plan.html#individuals
For people facing loss of income:
Canadian Emergency Response Benefit
How to apply + Questions and Answers about the program
https://www.canada.ca/en/services/benefits/ei/cerb-application.html
More news and information:
Part-time, contract and seasonal workers now qualify for COVID-19 emergency benefits, from cbc.ca (Apr 15)
https://www.cbc.ca/news/politics/cerb-emergency-benefits-trudeau-1.5532767
Federal government announces $9B aid for students, including monthly benefit, from globalnews.ca (April 22)
https://globalnews.ca/news/6851363/coronavirus-canada-trudeau-students-aid/
Canada Emergency Response Benefit
For Businesses
https://www.canada.ca/en/department-finance/economic-response-plan.html#businesses
COVID-19: Supports for Canadian Businesses, from bdc.ca
A compilation of federal and provincial government support measures for business from the Business Development Bank of Canada
https://www.bdc.ca/en/documents/special-support/covid-19-supports-for-canadian-businesses.pdf
More news and information:
More measures to help Canadian businesses (including loans and commercial rent), from cbc.ca (Apr 16)
https://www.cbc.ca/news/politics/trudeau-business-supports-premiers-1.5534124
Financial help for Canadians affected by COVID-19, from CBC.ca
A hub of benefits the federal government, provinces and territories are offering to people financially affected by the coronavirus.
https://newsinteractives.cbc.ca/coronavirusbenefits/
Individual provinces are also providing some financial assistance programs. See information below. Also try searching your province name + financial support + coronavirus to find out what may be available in your area.
Mortgage Deferrals
Coronavirus: Canada’s big banks to allow mortgage payment deferrals
https://globalnews.ca/news/6694459/coronavirus-canada-big-banks-mortgage-payment-deferrals/
Consumer watchdog keeping close eye on banks' offer of coronavirus mortgage relief
https://business.financialpost.com/news/fp-street/consumer-watchdog-keeping-close-eye-on-banks-offer-of-coronavirus-mortgage-relief