seCatalyst Partners’ COVID-19 Resources

 

seCatalyst is a network of people and organizations working together to build a strong social innovation and social enterprise sector on Vancouver Island. Many of our communities, businesses, social enterprises, nonprofits, service providers and educational institutions have been severely impacted by COVID-19. Below you can find a list of resources and assistance currently available through the seCatalyst network.

 

Momentum Partners

 

Coastal Community Credit Union

As an essential community service provider, Coastal Community Credit Union is ensuring they are here to help you meet your financial and insurance needs. Please visit their website for the most up-to-date information.

  • Relief and Resiliency Fund
    This program is to support Vancouver Island and the Gulf Islands not-for-profit community organizations deal with the effects of Covid 19, and help them through the pandemic. There are 2 categories of funding: Relief and Resilience both with the intent to provide one-time funds to community organizations who have extraordinary needs as a result of the ongoing pandemic. Organizations are eligible to apply for either of the two categories based on the need they have identified.
  • COVID-19 Deferral Requests
    If you are directly impacted by COVID-19 and facing financial challenges Coastal Community’s financial deferment program could include deferral of payments on personal or business mortgages and loans for up to six months, on a case by case basis. Please visit the website for more information.

 

Vancity

Vancity is  following the COVID-19 developments closely and has put several COVID-19-specific programs in place to support members and communities. Full details of COVID-19-related programs and updates can be found online Check out their CommUNITY Centre website where you can find information and resources that might help.

  • Loan Payment Deferral Program
    Vancity is committed to providing sound financial advice and customized solutions to members so they can navigate the economic impact of this emergency and get back on their feet.
  • Unity Bridge Loan
    Created specifically to help those who are self-employed and need help to get through COVID-19. These loans can provide the support needed (up to $10K) to fill income gaps and help cover expenses like rent.
  • Unity Term Deposit
    These deposits not only provide Vancity members with a great rate of return, the money will be used to fund programs that will directly support those in the community affected by COVID-19.

 

Convened By

 

Scale Collaborative

  • Scale Collaborative has partnered with Community Futures, Coastal Community Credit Union, Regional District of Nanaimo, and Oceanside Initiatives to support social purpose organizations across Vancouver Island and the Sunshine Coast to plan, adapt, survive, and even thrive during the COVID-19 crisis. COVID-19 Recovery for Social Purpose Organizations helps your organization navigate the day-to-day realities through these changing times and provides support to begin preparing for a recovery phase. The program combines group coaching, individualized support, peer support, webinars, and tools to help your organization understand and adapt your financial model to address this new reality. Learn more and apply here.
  • Scale Collaborative has also partnered with The Consulting Hive to offer FREE professional consulting services to small to medium sized businesses, not-for-profits, charities and social enterprises until March 31st 2021. Learn more here.

 

Organizing Partners

 

Business Development Bank of Canada (BDC)

BDC has several options for accessing credit as well as additional resources to support businesses impacted by COVID-19. These include the Canada Emergency Business Account, BDC Co-Lending Program for SMEs,  EDC Guarantee for SMEs and BDC COVID-19 Working Capital loans. Visit the BDC website for more information.

 

Camosun College

Camosun College has a dedicated COVID-19 webpage including frequently asked questions and other helpful information.

 

Community Futures Central Island

Community Futures Central Island (CFCI) has launched a COVID-19 Action Plan but remains open for business as usual. Appointments with CFCI staff regarding loans, business resources, EDP Coaching and Entrepreneur in Residence must be arranged in advance by telephone or email. Please refer to the contact details listed here.

  • Community Futures BC has a dedicated COVID-19 resources webpage that includes a curated roster of business-related resources and supports to assist rural small businesses with the challenges and uncertainties associated with COVID-19.
  • COVID-19 Business Supports from Community Futures (RRRF)
    On April 17, 2020, the Government of Canada announced the Regional Relief and Recovery Funds (RRRF). With nearly $1 Billion committed to support affected businesses and communities, the RRRF will help to:

    • Mitigate the financial pressure experienced by businesses and organizations to allow them to continue their operations, including paying their employees
    • Support projects by businesses, organizations, and communities to prepare now for a successful recovery.

 

Community Micro Lending

Community Micro Lending has launched a Community Support Fund to help small enterprises in the Capital Regional District impacted by COVID-19. The Community Support Fund offers financial relief in the form of small, community-sourced no fee, no interest loans to enterprises based in the Capital Regional District. These are not traditional loans. They will not impact your credit. They are unsecured. Any funds repaid will be redeployed to help local businesses and business owners recovering from the economic impacts of the COVID-19 pandemic.

 

Futurpreneur Canada

Futurpreneur Canada has has curated a wealth of resources that are useful for entrepreneurs and small business owners. Please visit their website for the more information.

 

Greater Nanaimo Chamber of Commerce

The Nanaimo Chamber has launched “Stay Strong Nanaimo“, a great list of resources available on their website that includes a Pandemic Preparedness Guide for Business and a multitude of other resources including webinars, toolkits and more.

 

Island Coastal Economic Trust (ICET)

  • A quick response small capital grant of up to $15,000 is now available through ICET for time-sensitive initiatives that support immediate, short-term COVID-related business and industry restart, resilience and sustainability.
    • The Small Capital Restart Funding program is designed to provide low barrier, rapid access to capital funding to support restart and increased sustainability for business and industry facing closures and operational restrictions. Applicants eligible for funding include local governments, Indigenous communities, non-profit organizations, including industry associations, Chambers of Commerce or other non-profit business or economic development related organizations. Projects must demonstrate broad public benefits beyond any one business or organization.
    • Details about the program, including how to apply, can be found here.
  • In collaboration with trusted regional partners, Tourism Vancouver Island and Innovation Island Technology Association, ICET has also put in place two targeted emergency support service programs to address the priority areas of tourism and innovation.

 

League of Innovators (LOI)

LOI has created the “A Living Library of Resources for Canadian Startups“, an evolving toolkit of resources to help entrepreneurs navigate through the uncertainty of the COVID-19 crisis. Find out more on the LOI website.

 

Royal Roads University

Read Royal Roads University’s response to COVID-19 on their website. The page includes resources for students and faculty as well as frequently asked questions.

 

Rhiza Capital

Rhiza Capital continues to provide investment funds directed toward local and social ventures that generate a positive measurable, beneficial social or environmental impact alongside a financial return.

 

United Way of Greater Victoria

United Way of Greater Victoria funds a network of programs and services that help people in need. During the COVID-19 crisis they will continue to support our community and support their partner agencies as this situation evolves. Please visit the United Way of Greater Victoria website for more information.

 

University of Victoria

As part of their response to the evolving COVID-19 situation, UVic has created a website to provide the university community with the most up-to-date information about COVID-19, including tips for staying healthy, information for travellers, and other resources for students, faculty and staff.

  • Emergency bursary fund for students – UVic has created a COVID-19 Emergency Bursary available to all students—domestic or international, undergraduate or graduate—who are experiencing emergency financial need as a direct result of the COVID-19 pandemic.

 

Vancouver Island University (VIU)

VIU has a wealth of COVD-19-related information available on their website including the latest updates on the COVID-19 situation, resources and information for students, employees and the general public.

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