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

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

Synopsis
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COVID-19 Response Plan
Quebec Government – Support for Canadians
Last updated June 24, 2022, 4:00 pm MST

Insight
Insight

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

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