The province is renewing the Saskatchewan Small Business Emergency Payment program until the end of December.
The program assists small businesses who have had to close or have had their operation significantly restricted due to the public health order currently in place.
“Our small business community continues to be impacted by the global COVID-19 pandemic,” Trade and Export Development Minister Jeremy Harrison said in a release. “As we focus on our economic recovery plan during this challenging period, renewing this program will help provide critical assistance to our small businesses who have had to fully or partially close their doors to protect public health and reduce the spread of COVID-19.”
The SSBEP program initially launched in April to provide support to small businesses that had to temporarily close or substantially curtail their operations as a result of COVID-19. The program was extended for May 2020 and provided 6,485 businesses more than $32 million in support.
The eligibility period for this phase of the SSBEP will be from December 1, 2020, to December 31, 2020, and is estimated to cost $8 million. Applications for the SSBEP will open on December 7, 2020 and the application deadline for this eligibility period is January 31, 2021.
Eligible applicants will receive a payment of 15 per cent of their monthly sales revenue, to a maximum of $5,000, based on the greater of November 2019, December 2019, or February 2020 sales revenue. For seasonal businesses, the funding support will be 15 per cent of the average monthly sales revenue for full months that the business operated in 2019.
Eligible applicants must attest that they:
• are a small or medium business (0-499 employees);
• maintain a permanent establishment in Saskatchewan and allocate a portion of their income to Saskatchewan;
• were operating October 31, 2020, or eligible to operate, in the case of seasonal business;
• are subject to a public health order that requires them to temporarily suspend or substantially curtail their operations during the eligibility period December 1 to December 31, 2020;
• have experienced a loss of sales revenue; and
• plan to reopen when the public health restrictions are lifted.
