An update, the Ontario Small Business Support Grant is now open for applications.
Ontario Small Business Support Grant
Applications are open for the new Ontario Small Business Support Grant, which helps small businesses that are required to close or significantly restrict services under the Provincewide Shutdown effective December 26, 2020.
What you'll get
Starting at $10,000 for all eligible businesses, the grant provides businesses with funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the Provincewide Shutdown.
The business must demonstrate they experienced a revenue decline of at least 20 per cent when comparing monthly revenue in April 2019 and April 2020. This time period was selected because it reflects the impact of the public health measures in spring 2020, and as such provides a representation of the possible impact of these latest measures on small businesses.
New businesses established since April 2019 are also eligible provided they meet the other eligibility criteria.
Businesses will be able to use the support in whatever way makes the most sense for them. For example, some businesses could use the support to pay employee wages, while others may need support maintaining their inventory.
Eligibility
To receive the grant, a small business must:
be required to close or restrict services subject to the Provincewide Shutdown effective 12:01 a.m. on December 26
have fewer than 100 employees at the enterprise level
have experienced a minimum of 20 per cent revenue decline comparing April 2020 to April 2019 revenues. New businesses established since April 2019 are also eligible provided they meet the other eligibility criteria
https://www.app.grants.gov.on.ca/msrf/#/home
https://www.ontario.ca/page/businesses-get-help-covid-19-costs#section-3