Traditional Grants & Programs

Bank and Credit Union Loans

Many financial institutions and traditional lenders are providing customized business recovery financing right now. If you have not already done so, contact your financial institution to find out what they can offer you.

Locally, Sunshine Coast Credit Union is offering business loan options to their members. For more information, click here.

Celebrating Women Grant Program

The BMO Celebrating Woman Grant Program will award 10 Canadian women-owned businesses with a $10,000 grant, and an additional 8 will receive a $2,500 grant. Applicants for the program will be evaluated for their contribution to social, environmental and/or economic sustainability outcomes. Applicants will be asked to demonstrate how they are creating positive impacts, or minimizing negative impacts, for their customers, communities, employees and/or other stakeholders. Impacts can be generated through an organization’s policies, practices or products, where these advance sustainability objectives such as those of the Sustainable Development Goals.

Applications can be submitted between July 26, 2021 at 12:00 am ET and August 13, 2021 at 11:59 pm ET. Learn more and apply today!

Community Futures Loans

Community Futures can provide you with a loan or equity investment to start, purchase, or expand a business on the Sunshine Coast. They are not a conventional lender and are willing to take a higher risk than the traditional financial institutions – In addition to assessing your application from a financial perspective they take into account in the social and environmental benefits of your business, and your personal passion and commitment and ability to execute your business idea.

They lend between $5,000 and $150,000, and can help to arrange loans for more than $150,000. For more information visit the community futures website here.

Island Coastal Economic Trust (ICET) Funding Programs

Island Coastal Economic Trust is a funding body that invests in economic development and community building initiatives for the Vancouver Island and Sunshine Coast regions. Funding is served up through two core grant programs: the Economic Infrastructure and Innovation Program which offers up to $300,000 to successful applicants, and the Economic Development Readiness program which offers up to $30,000. In addition, they offer a series of regional bursaries, sponsorships and internships that local businesses may qualify for. Click here for more information on these programs offered by ICET.

Jobs and Growth Fund

The Government of Canada recently announced the Jobs and Growth Fund aimed at creating jobs and fostering economic activity throughout Canada. This new fund provides $700 million to support transition to a green economy, foster an inclusive recovery, enhance competitiveness and create jobs in every corner of the country.

Businesses and organizations that support clean technology, increasing diversity, implementing new digital technologies and strengthening capacity in critical sectors can apply now. Applications are being accepted on a continuous intake basis until March 31, 2024, or until funding is fully committed. Learn more and apply today!

She’s Next Grant Program

Through Visas She’s Next Grant Program, ten qualified Canadian women entrepreneurs will receive a 10,000 Grant and a one-year IFundWomen Annual Coaching Membership to support the growth of their small business. Your pitch for this grant should articulate the problem you’re solving, the solution your business provides, and why you are uniquely qualified to create your solution. Ensure your pitch is clear, concise, and powerful.

Applications are being accepted between July 14, 2021 at 12:00AM EST through August 3, 2021 at 11:59pm PST. Learn more and apply today!

Stand With Owners Grant Program

The Telus Stand With Owners Grant is championing small business owners with incredible stories of resilience and community impact. Share your business story for a chance to receive funding, local advertising and mentorship. There will be thirty winners selected in total throughout Canada by a panel of judges and winners will receive one of the following prizes: $10,000 in funding; and a personalized local advertising campaign (approximate value = $11,000); and wireless service for a year with TELUS’ Owner’s Advantage Plan (approximate value = $1,440).

The Stand With Owners application period began at 12:01 a.m. EDT on June 22, 2021 and ends at 11:59 EDT on October 17, 2021. Learn more and apply today!

The Launch Challenge

The Launch Challenge is a newly-established grant fund from the Sunshine Coast Credit Union & Spring for $10,000 to help entrepreneurs and business owners in various communities in British Columbia, including the Sunshine Coast, to invest in launching: a new business, a new product or service offering or an existing product or service in a new market.

For more information click on this grant click here.

Workplace Accessibility Grant

The Workplace Accessibility Grant provides financial assistance towards decreasing barriers and creating a inclusive work environment for persons with a disability(ies). Find the list of eligible covered services by type of barriers addressed here. This grant is available from June 21, 2021 through April 30, 2022 on a first come first served basis. The maximum allowable grant will be $1000/business.

Find out more and apply now!

COVID-19 Focused Grants & Programs

Canada Emergency Business Accounts (CEBA)

The Canada Emergency Business Accounts (CEBA) application period has been extended to June 30, 2021. This $73 billion program administered by the Government of Canada provides interest-free loans of up to $60,000 to small businesses and not-for-profits. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 33 percent (up to $20,000).

As of October 26, 2020, eligibility for CEBA expanded by removing the previous March 1, 2020 condition for having an active business chequing/operating account. With this removal, eligible businesses can now apply after opening a business chequing/operating account with their primary financial institution. For more information about this new criteria or other criteria established since the launch of CEBA we recommend you visit the FAQs below.

As of December 4, 2020 approved CEBA applicants can now receive a $60,000 loan. CEBA applicants who have received the $40,000 CEBA loan may apply the CEBA expansion, which provides eligible businesses with an additional $20,000 of financing.

Business owners must apply for support from the Canada Emergency Business Account through their banks and credit unions; it is available from more than 220 financial institutions across the country. Contact your local financial institution to set-up an account and apply. Sunshine Coast Credit Union is offering support with the process to its members if you do not yet have a local institution.

Visit the federal economic response plan page for more information on this and other federal support programs for more information go here or here.

Canada Emergency Rent Subsidy (CERS)

The Canada Emergency Rent Subsidy (CERS) provides a direct and easy-to-access rent and mortgage subsidy of up to 65% of eligible expenses to qualifying businesses, charities and nonprofits.

Qualifying organizations that have been significantly restricted by a mandatory public health order issued by a qualifying public health authority can receive an additional 25% of rent support through the Lockdown Support program.

The combined effect of the rent subsidy and the Lockdown Support is that hard-hit businesses, nonprofits and charities subject to a lockdown can receive rent support of up to 90%.

This support is available directly to tenants until June 2021, however the Government Budget for 2021 proposes to extend the rent subsidy and Lockdown Support until September 25, 2021.

See here for more information on the CERS subsidy.

Highly Affected Sectors Credit Availability Program (HASCAP)

HASCAP loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more due to COVID-19 and the global pandemic. HASCAP Loans are for $25,000 to $1,000,000 and the amount eligible will depend on operational costs for the business. In order to qualify for this program your business must meet the below criteria:

  • Your business is Canadian based.
  • Your business must have been financially stable and viable prior to the current economic situation.
  • You must have received payments either from the Canada Emergency Subsidy or the Canada Emergency Rent Subsidy (there can be some exceptions to this).
  • The loan will be used to continue or resume operations.
  • The loan cannot be used to pay or refinance existing debts.
  • Minimum risk ratings will apply, varying by size of new loan.

You can apply for a loan under the HASCAP Guarantee for each legal entity you own, up to a maximum combined amount of $6.25 million (all legal entities combined).

This program was set to expire on June 30, but has now been extended through December 31, 2021. Click here for more information.


Still can’t find what you’re looking for? Call us at 604-747-4696 from 9am to 3pm Monday to Friday to speak with one of our local business advisors to help you get started. You can also email us at

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