COVID-19 Response Plan - Quebec Government - Support for Canadians

QC Support for Businesses

Emergency Assistance to Small and Medium-Sized Enterprises (PAUPME)

Eligibility

• Companies from most sectors of activity are eligible for the program, as well as social economy enterprises (including cooperatives and non-profit organizations carrying out commercial activities)
• To be eligible, the business must:
  • Have been in business in Quebec for at least six months
  • Be closed temporarily, likely to close or show warning signs of closure
  • Be in a context of maintaining, consolidating or relaunching its activities
  • Have demonstrated a cause and effect link between their financial or operation problems and the COVID-19 pandemic

Benefit

• Loans of less than $50,000
• 3% interest rate, moratorium on principal and interest repayment until September 1, 2021
• Businesses subject to a closure order starting from December 20, 2021 can submit another application

Action Needed

• Application period is closed
• Moratorium on repayment of principal and interest related to financial assistance granted under this program is extended until June 30, 2022
• More information can be found here

Federal Support for Canadians

• For our summary of the Federal support programs for businesses and individuals, please visit HERE

For closed programs, click here