Saskatchewan Launches Emergency Support Program For Small Businesses

The government of Saskatchewan has announced $50 million in funding for small businesses through the new Saskatchewan Small Business Emergency Payment (SSBEP) to help deal with current COVID-19 challenges.

What is Saskatchewan Small Business Emergency Payment

The SSBEP provides a one-time grant for small and medium-sized enterprises directly affected by government public health orders related to COVID-19. Grants will be paid based on 15 per cent of a business’ monthly sales revenue, to a maximum of $5,000.
According to the news release, the Government of Saskatchewan will be requesting that the federal government exempt the SSBEP from business income for tax purposes.

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Who is Eligible for SSBEP

A person, partnership, corporation, co-operative, or not-for-profit, registered under The Business Names Registration Act, The Business Corporations Act, The Non-profit Corporations Act, 1995, or The Co-operatives Act can apply for SSBEP if:

Have a permanent establishment in Saskatchewan
Have fewer than 500 employees;
Have been carrying on business in Saskatchewan on February 29, 2020;
Apply on or before July 31st, 2020;
Have been ordered to temporarily close or significantly curtail operations through a public health orders to help control transmission of COVID-19;
Have experienced a loss of sales revenue that affects the applicant’s ability to pay for fixed costs;
Attest to reopen business operations within 90 days following the cancellation of the COVID-19 public health orders; and,
Have not received any payments or amounts from any other sources, including insurance, to replace or compensate for the loss of sales revenue other than amounts from other government assistance programs.