Traditional Grants, Programs & Loan Options

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.

BC Employer Training Grant Program

The BC Employer Training Grant Program(ETG) support skills training and aims to address provincial labour market needs. The program is delivered by the Province of British Columbia and is funded by the Government of Canada through the Workforce Development Agreement (WDA).

The goal of the ETG is to help British Columbians access the skills training needed to adapt to the changing requirements of jobs and the labour market while encouraging employer involvement in providing these opportunities for the training of their employees.

How it Works:

  • Reimbursement amounts vary between 60% and 100% depending on the training stream.
  • Training must result in a better job once training is completed.
  • Employers must submit their application on their own behalf, using their Business BCeID. Third parties cannot apply on an employer’s behalf.
  • If approved, employers are to pay for all costs in full and, after training has started, submit a reimbursement claim.
  • Participants are not to pay for training or any training-related expenses. Receipts must verify this information.
  • Employers are eligible to receive up to $300,000 per fiscal year (April 1 – March 31).

There are four streams, learn more about each stream, see if you/your employees are eligible 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.

Get Youth Working! Program

The Get Youth Working! Program offers eligible employers in BC a negotiated Wage Subsidy as an incentive to hire eligible youth aged 17 to 29. The application is easy and you conduct your own recruiting. At any time during the recruiting process you can complete and submit an online application, which can be completed in less than 5 minutes and the approval process is quick and easy. The eligibility criteria is:

  • Youth must be a new hire aged 17 to 29
  • Your business must have been in operation for at least one year
  • Your business must have be in good standing with WorkSafeBC
  • You must employ youth for a minimum of 3 months with preference given to long-term positions over 6 months
  • Employers will NOT qualify if employee is hired prior to signing Get Youth Working Funding Agreement between Employer and Bowman Employment Services Inc.

If you and your proposed new hire meet the program criteria, you are eligible for the funding. Complete an application to gain access and post your position to their Job Board today!

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!

Spring Business Resiliency Program

Running a business is hard, but you have support!

The Sunshine Coast Credit Union and Spring have partnered to offer the Business Resilience Program for business owners, entrepreneurs and non-profit leaders on the Sunshine Coast. This FREE program has been designed by some of the best entrepreneurs and companies in the world to set the stage for tailored support, business resilience, and long term success and impact.

The Business Resilience Program is an online learning platform designed to help you assess the status of your business, create a plan to thrive, and equip you with the right tools and resources to grow. Throughout the program, they will share quick and practical tools to help you:

  • Assess the your current business
  • Understand how you can adapt and grow
  • Implement quick and lean changes, starting today!

Signing up gives you access to video tutorials, bi-weekly live masterclasses + Q&A and resources to grow your business. Learn more and sign up today!

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 Rent Subsidy (CERS)

Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue during the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until October 23, 2021. See here for more information on the CERS subsidy, businesses are able to apply for this subsidy retroactively.

The federal government has introduced legislation to continue COVID-19 business support programs until May 2022 for organizations hit hardest since the start of the pandemic or most affected by public health restrictions.

Applicants for these programs will use a new “two-key” eligibility system whereby they will need to demonstrate significant revenue losses over the course of 12 months of the pandemic, as well as revenue losses in the current month.

The proposed programs are as follows:

Tourism and Hospitality Recovery Program: will provide support through the wage and rent subsidy programs, to hotels, tour operators, travel agencies, and restaurants, with a subsidy rate of up to 75 per cent.

Hardest-Hit Business Recovery Program: will provide support through the wage and rent subsidy programs and would support other businesses that have faced deep losses, with a subsidy rate of up to 50 per cent.

Lockdown Support Initiative: The lockdown support initiative will help businesses subjected to further shutdowns. A wage and rent subsidy will be available for businesses that face temporary new local lockdowns will be eligible for up to the maximum amount of the wage and rent subsidy programs, during the local lockdown, regardless of losses over the course of the pandemic.

These programs will be available until May 7, 2022, with the proposed subsidy rates available through to March 13, 2022. From March 13, 2022, to May 7, 2022, the subsidy rates will decrease by half.

Check back for more information and updates as they are announced.

COVID-19 Closure Relief Grant

The COVID-19 Closure Relief Grant will provide fully funded grants to businesses that had to close due to the December 22, 2021 Provincial Health Officer orders. Grants of $1,000 to $10,000 will be available to businesses that have fully closed as a result of the December 22 PHO order.

Applications for the COVID-19 Closure Grant are expected to open in January. Applications will stay open until the end of February. The grant can be used to cover expenses like rent, insurance, employee wages, maintenance and utilities.

Learn more and apply for this grant here.

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.

Tourism Relief Fund

The Tourism Relief Fund supports tourism businesses and organizations adapt their operations to meet public health requirements while investing in products/services to facilitate future growth. With a budget of $500 million over two years, including $50 million specifically dedicated to Indigenous tourism initiatives, this fund can help to enable The Sunshine Coast to be a destination of choice when domestic and international travel is once again safe.

Eligible applicants include tourism entities that cater mainly to visitors, such as: businesses, not-for-profit organizations, such as tourism associations and band councils or other Indigenous organizations and cooperatives.

To be considered eligible for this fund, applicants must meet at least one of the following criteria:

  • Be a key supplier or operator in the visitor experience
  • Be part of a defined tourism cluster or a tourism dependent community, including supporting downtown cores
  • Provide an anchor product or service in a tourism destination

This fund will be distributed over 2 years, ending March 31, 2023. Learn more, check your business eligibility and apply today!


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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