Important Update to the Provincial Government’s Small Business Assistance Program

December 16, 2020 – The Provincial Government has announced an extension of the Small Business Assistance Program (SBAP) to December 22, 2020.

SBAP is a short-term program offered by the Department of Industry, Energy and Technology that remains available on a first come, first served basis, and includes $25 million for eligible small businesses and $5 million for eligible community organizations. The SBAP complements other Provincial Government supports announced to date, as well as existing emergency supports from the Government of Canada. Approved applicants will receive funding to assist with the impact of the COVID-19 pandemic, including revenue losses and increased costs associated with adapting businesses and enhancing health and safety protocols.

Program details, eligibility requirements and information on the application process are available online.

Please Note: Accommodations, restaurants, bars and other tourism businesses must apply for the Tourism and Hospitality Support Program (THSP).  Restaurant franchises are not eligible for THSP and should apply for Small Business Assistance Program

To view the SBAP eligibility guidelines: https://www.gov.nl.ca/iet/files/Eligibility-Guidelines-Small-Business-Assistance-Program-November-16.pdf

 To apply for SBAP:  https://apps.gov.nl.ca/iet/Form/Form/edit/?template_id=3146550