The Emergency Assistance Program for Small and Medium-Sized Businesses is designed to provide support, for a limited time period, to qualifying businesses experiencing financial difficulties due to COVID-19 and who require working capital of less than $50,000.

Eligible clientele

The following organizations are eligible for the program:

  • Businesses in every activity sector
  • Cooperatives
  • Not-for-profit organizations
  • Social-economy businesses that are conducting commercial activities.

To qualify, the business must:

  • Be operative in Québec for at least a year
  • Be temporarily closed, likely to close or showing early warning signs of closing
  • Be in a situation of maintaining, consolidating or restarting its activities
  • Have demonstrated a cause-effect link between its financial or operational difficulties and the COVD-19 pandemic.

Excluded are requestors who are under the Companies Creditors Arrangement Act (R.S.C, 1985, Chapter 36) or under the Bankruptcy and Insolvency Act (R.S.C. 1985, Chapter B-3).

Eligible funding

Funding pertains to the liquidity needs of the business and is determined based on justifiable and reasonable expenses.

It should alleviate cash flow problems due to:

  • An impossibility or a substantial reduction in the ability to deliver products (goods and services) or merchandise
  • A raw materials or products (goods and services) supply problem.

The assistance allocated will be in the form of a loan or a loan guarantee of up to $50,000.

For more information, send a request at