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:
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reduce the rent owed by their impacted small business tenants
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meet operating expenses on commercial properties
Eligibility
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own commercial real property which is occupied by one or more impacted small business tenants
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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%
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ensure the rent reduction agreement with each impacted tenant includes:
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a moratorium on eviction for the period during which the property owner agrees to apply the loan proceeds, and
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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