Financial support program for small business extended by Saskatchewan government

Small businesses in Saskatchewan ordered to close or reduce their operations because of COVID-19 have an extra month to get financial support from a provincial government program.

Applications to the Saskatchewan Small Business Emergency Payment (SSBEP) program will be accepted until May 31.

Payments through the program are based on 15 per cent of the monthly sales revenue of the business in November 2019, December 2019 or February 2020. Seasonal businesses can receive payments based on 15 per cent of the business’ average monthly sales revenue for the months it operated in 2019.

The maximum payment per eligibility period is $5,000. The current eligibility period is April 1 to 30.

Full criteria for the program can be found here, but include having been in business as of Oct. 31, 2019 and employing fewer than 500 employees.