- About Us
The Canadian Black Chamber of Commerce is a non-profit organization. It is the initiative of the National African Canadian Association (NACA), which was created to serve one of the five tenets of the NACA which is Commerce and Economic development within the Black diaspora.
- Programs & Services
Programs & Services
Dear Canadian Black Chamber of Commerce Members & Business Community,
These are difficult times for our local and global community. We want to acknowledge and thank all healthcare providers and everyone doing in their part in helping to flatten the curve.
We are on regular calls with all levels of government and sharing the impact on our business community.
By working together, we will all get through this. As we wait for things to improve, let’s support each any way that we can.
Take care and be well.
Canadian Black Chamber of Commerce
Stay up-to-date on the rapidly evolving situation and how your province is responding.
For more information, reach out to your local chapter of the Canadian Black Chamber of Commerce
There is a free Canada Business App for your mobile devices:
- Various government services;
- Recommendations tailored to your business;
- Personalized notifications;
- Customized support;
- Emergency COVID-19 business support button
To apply for a grant from the NAC, performing artists or ensembles of less than 10 people should submit their name, a description of their performance, the date and the streaming platform. The email address is CanadaPerforms@nac-cna.ca.
Are you a business that can supply products and services in support of Canada’s response to COVID-19? The Government of Canada wants to hear from you! Click the above link to find out how your business can get involved and help make a difference.
The Government of Canada wants to hear from businesses who can supply emergency products and innovative solutions to support our response to COVID-19.
How your organization can help fight against Corona?
At Export Development Canada, we’re here to support our customers through these challenging times. We’ve increased our internal capabilities to respond to the concerns of Canadian exporters and we’re prepared to act swiftly to ensure they have access to credit if needed.
Small and medium-sized businesses are the backbone of the Canadian economy. During this extraordinary time, the Government of Canada is taking strong action to help Canadian businesses as COVID-19 is affecting them, their employees and their families. This page aggregates the key information points for business owners.
The Canada Business App also offers a free smartphone resource with a dedicated section for COVID-19 information for business owners.
Available immediately, businesses will be able to defer the payment of any income tax amounts until after August 31, 2020. This relief would apply to tax balances due as well as instalments. No interest or penalties will accumulate on these amounts during this period.
The BCAP allows the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) to provide more than $10 billion of additional support for small and medium-sized businesses. Available immediately, BDC and EDC are cooperating with private sector lenders to coordinate on credit solutions for individual businesses. Businesses seeking support through BCAP should first contact their financial institutions for an assessment of their situation. Financial institutions will refer to EDC and BDC their existing clients whose needs extend beyond what is available through the private sector alone. To view the list of participating private sector lenders and additional information, please visit our website here.
- Working capital loans of up to $2 million with flexible repayment terms such as principal postponements for qualifying businesses;
- Flexible repayment terms, such as postponement of principal payments for up to 6 months, for existing BDC clients with total BDC loan commitment of $1 million or less;
- Reduced rates on new eligible loans;
- Additional details regarding Business Credit Availability Program (BCAP) measures, including industry specific support, to be announced in the coming days.
Prime Minister Justin Trudeau just announced an increase to the temporary wage subsidy to 75% and loans of $40,000 through financial institutions, backed by the Government and interest-free for the first year, for eligible small and medium sized businesses.
Under certain conditions, up to $10,000 of the loans could be forgivable.
The Business Credit Availability Program (BCAP) was established to provide more than $10 billion of additional support, largely targeted to small and medium-sized businesses, through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).
BDC and EDC are cooperating with private sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, air transportation and tourism.
As a first step, businesses in need of credit support should contact their financial institution.
To ensure that small businesses have access to the capital they need to see them through the current challenges, the Government of Canada is announcing the launch of the new Canada Emergency Business Account, which will be implemented by eligible financial institutions in cooperation with Export Development Canada (EDC).
This $25 billion program will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus.
This will better position them to quickly return to providing services to their communities and creating employment.
Small businesses and not-for-profits should contact their financial institution to apply for these loans.
To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).
BUY AND SELL OPPORTUNITIES
Are you looking to buy or sell a product/service to other business during this time?
Let us know by sending us a message at firstname.lastname@example.org
Contact: Doug Minter
Web Design & Development
Are you looking to purchase something that is not listed? Let us know be sending us a message at email@example.com