The Saskatchewan government has announced the Saskatchewan Small Business Emergency Payment Program. It’s a program meant to help out businesses that have had a loss in revenue due to a COVID-19 public health order. If your business hasn’t been ordered to close or modify your operations due to a public health order, you won’t be eligible for this program.
Benefits
- Payments are based on 15% of a business’s monthly sales revenue in either April 2019 or February 2020. Businesses may select either of these months to calculate their payment so pick the month that gives you the highest payment.
- The maximum payment is $5,000 per business.
- The funds can be used for any purpose, including paying fixed costs or expenditures related to re-opening the business following the pandemic.
Eligibility
- Have been carrying on business in Saskatchewan on February 29, 2020;
- Have been ordered to temporarily close or curtail operations through a COVID-19 public health order;
- Have less than 500 employees;
- Attest that they:
- have experienced a loss in revenue due to a COVID-19 public health order;
- plan to reopen operations following the cancellation of the COVID-19 public health order; 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; and
- Apply on or before July 31, 2020.
How to Apply
You will need to complete the application on the government’s website. If you qualify for this program, you should apply. No one knows how long the public health order will last and you will want to have as much cash on hand as possible.