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COVID-19: Short Term Funding and Financing - Shared screen with gallery view
Aleksa Havelaar
15:23
Hi!
Darren Dunne
15:57
Hi all - as resources are mentioned I will do my best to pop a link into the chat
Darren Dunne
17:16
Just wanted to share with you all the Government of BC has just published a doc listing all the current resources and supports for small business owners: https://smallbusinessbc.ca/wp-content/uploads/2020/03/COVID-19-Small-Business-Supports.pdf
Ruby Wang
19:22
sbbc.co/digital-meetup
Ruby Wang
20:38
Feel free to show your face via webcam if you are comfortable doing so :)
Darren Dunne
22:28
Latest resources list, updated as each resource comes online: https://smallbusinessbc.ca/article/resources-for-small-businesses-affected-by-coronavirus-covid-19/
Ruby Wang
23:11
askus@smallbusinessbc.ca
Ruby Wang
23:32
if you are questions re:digital meetup, my email is wang.ruby@smallbusinessbc.ca
Ruby Wang
25:29
if you have questions or comments, please raise your hand (participant tab on the left side beside your name) and we will allow you to talk in sequential order!
Darren Dunne
25:45
a roundup of the current financial resources available: https://smallbusinessbc.ca/article/financing-options-for-businesses-impacted-by-covid-19/
Francine Carlin
28:08
If one is not a BMO client how do non-clients access your relief services?
Paul Legge
34:34
HI Panelists... I just want to confirm. I may have missed it. BMO is offering to defer only the principal portion of amortized loans, but will still require the interest only portion to be paid monthly? Are you also offering to have Principal and Interest payments deferred for up to 6 months?
Pat Deakin
34:34
If one takes advantage of the relief mesayre you are implementing, will there be an impact on credit rating?
Darren Dunne
41:06
https://www.canada.ca/en/department-finance/programs/financial-sector-policy/business-credit-availability-program.html
Darren Dunne
41:11
link to the BCAP program
StevenCahill
41:42
BDC is horrible to deal with just an FYI even if the goverment is making them behave themselevs
Kelly McBride
42:05
Thank you for mentioning the BDC streamlined process however it must be noted that the applicant guidelines are extremely strict and require a 700+ credit score and have been in business for 2 + years....what is available for businesses that don't meet this criteria
StevenCahill
44:55
this is suppose to help us not streamline the help this is a crock. we will give you money but you have to jump on one foot and spin your head around and spit pea soup before we will help. what gives anyone the right to say a persons busniess isn't operating properly or qualifiying if there making it run then it runs no matter what the banks or goverment have to say or think about it.
Chris Nicholls
49:54
How is Small Business BC helping the small sole proprietor businesses navigate through the overload of Federal and Provincial funding programs
Janice Webb
50:40
How is BMO assisting if there is no revenue coming in and they are unable to make interest payments at this time.
Kelly McBride
51:36
what are you using as criteria to understand whether a business will be viable at the end of the pandemic?
Kelly McBride
51:50
Well done Steve!!!!!!!
StevenCahill
52:08
well said steve .. this whole program is desgined to drive us all into the poor house
StevenCahill
53:38
$82 billion dollars in relief funds and the small busniess people are gettng the hard shaft and only the people who don't really need it are getting it
Shelly Heppner
54:21
My problem was spending 4 days trying to research the grants and applications!!
Kelly McBride
54:44
what are you using as criteria to understand whether a business will be viable at the end of the pandemic?