Tariff Working Capital Assistance Program

📋 Eligible Entities - Canadian businesses (all sizes) directly impacted by USA export tariffs - Manufacturing companies experiencing supply chain disruptions - Exporters whose products face new tariff barriers - Businesses with demonstrated revenue decline or cash flow challenges due to tariff impacts - For-profit corporations, partnerships, and sole proprietorships - Agricultural producers and agri-businesses affected by retaliatory tariffs - Businesses must be Canadian-owned and operating in Canada - Eligible sectors include manufacturing, agriculture, forestry, and trade-dependent industries ### 💰 Funding Details - Funding Type: Working capital financing (loan-based assistance) - Typical Loan Size: Range varies; designed to address immediate operational needs - Repayment Terms: Structured repayment schedule (specific terms depend on application) - Interest Rate: Likely subsidized or reduced rates to support tariff-impacted businesses - Matching Requirements: May require business co-investment or demonstrate own capital commitment - Repayability: Funds must be repaid; not a grant in the traditional sense but subsidized financing - Collateral: Standard lending security requirements may apply ### 🛠️ Approved Expenses - Payroll and employee wages (maintaining workforce) - Inventory financing and working capital - Supply chain diversification costs - Alternative sourcing from non-tariffed suppliers - Transition costs to new supply chains - Operating expenses (rent, utilities, insurance) - Equipment or technology adoption for supply chain alternatives - Marketing to develop new domestic or non-tariffed export markets - Professional fees for supply chain restructuring ### ⚠️ Conditions & Milestones - Tariff Impact Verification: Businesses must demonstrate direct, documented financial impact from USA tariffs - Financial Documentation: Submission of recent financial statements, tax returns, and cash flow projections - Job Preservation: Priority may be given to businesses committing to maintain employment levels - Business Plan: Requirement to outline how funds will stabilize operations or transition supply chains - Regular Reporting: Compliance with reporting obligations on fund usage and business outcomes - Timeline: Application deadlines and fund deployment time