Sponsoring Agency: Government of Saskatchewan
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/30/2021
Size of the Fund: Less than USD $50,000
The Saskatchewan Small Business Emergency Payment (SSBEP) – Phase 2 is established to provide financial assistance to eligible small businesses in Saskatchewan that have been ordered to temporarily close or substantially curtail operations due to a public health order in effect between December 1-31, 2020, January 1-31, February 1-28 and/or March 1-31, 2021, to help control transmission of COVID-19.
The program is operated by the Saskatchewan Ministry of Finance in partnership with the Ministry of Trade and Export Development.
Benefits
• Payments are calculated based on 15% of a business's monthly sales revenue in any of November 2019, December 2019 or February 2020. The applicant may select the month to provide the business with the most financial assistance.
• The maximum payment is $5,000 per business, per eligibility period. Payments can be used for any purpose, including paying fixed costs or expenditures related to re-opening the business following the pandemic.
Seasonal Business Benefits:
• Payments are based on 15% of a seasonal business's average monthly sales revenue, based on the full months that the business carried on operations in 2019.
• The maximum payment is $5,000 per business, per eligibility period.
Payments can be used for any purpose, including paying fixed costs or expenditures related to re-opening the business following the pandemic.
Eligibility Criteria
To be eligible, a Saskatchewan business must:
• Have been carrying on business in Saskatchewan on October 31, 2020;
• Maintain a permanent establishment in Saskatchewan and pay income tax to Saskatchewan;
• Have been ordered to temporarily close or substantially curtail operations through a COVID-19 public health order in effect during December 2020, January, February and/or March 2021;
• Have less than 500 full-time and part-time employees;
o in the year before the public health order; or
o when averaged for the three years before the year in which the public health order was made;
• Attest that they:
o have experienced a loss, or will experience a loss, in sales revenue from business activities from December 1 to 31, 2020, January 1 to 31, February 1 to 28 and/or March 1 to 31, 2021, due to a public health order; and
o plan to reopen or continue operations following the cancellation of the public health orders.
A seasonal business is a small business that carries on business for more than one month in a year but not during the full year. Seasonal businesses that do not normally operate in December 2020, January, February and/or March 2021 are not eligible for the program. The business must operate and generate sales revenue from activities during the eligibility period in order to be considered for eligibility.
More information at: https://www.saskatchewan.ca/government/health-care-administration-and-provider-resources/treatment-procedures-and-guidelines/emerging-public-health-issues/2019-novel-coronavirus/covid-19-information-for-businesses-and-workers/saskatchewan-small-business-emergency-payment-program#eligibility
