Canada Emergency Commercial Rent Assistance (CECRA)

Canada Emergency Commercial Rent Assistance (CECRA) for small businesses provides relief for small businesses experiencing financial hardship due to COVID-19. It offers unsecured, forgivable loans to eligible commercial property owners to:

  • reduce the rent owed by their impacted small business tenants

  • meet operating expenses on commercial properties

 

Eligibility

  • own commercial real property which is occupied by one or more impacted small business tenants

  • enter (or have already entered) into a legally binding rent reduction agreement for the period of April, May and June 2020, reducing an impacted small business tenant’s rent by at least 75%

  • ensure the rent reduction agreement with each impacted tenant includes:

  • a moratorium on eviction for the period during which the property owner agrees to apply the loan proceeds, and  

  • a declaration of rental revenue included in the attestation

How to Apply​ - https://cecra-apply.ca/account/login

For more information, please visit this link. You can also email us at info@snapartners.ca for more information

 

(905) 469 8777

(905) 469 1702

136 Cross Avenue
Oakville, Ontario
L6J 2W6

*Please note: We advise our clients to please send us any information / documents electronically via email due to the current Coronavirus (COVID-19) situation. If unable to, there is a mail slot on your right-hand side when facing our front doors for dropping off physical paperwork. Thank you so much for understanding & keep safe.