{"id":4919,"date":"2020-03-23T17:03:04","date_gmt":"2020-03-23T21:03:04","guid":{"rendered":"https:\/\/amyotgelinas.com\/a-few-tools-to-help-you-through-the-crisis\/"},"modified":"2020-03-23T17:03:04","modified_gmt":"2020-03-23T21:03:04","slug":"a-few-tools-to-help-you-through-the-crisis","status":"publish","type":"post","link":"https:\/\/amyotgelinas.com\/en\/a-few-tools-to-help-you-through-the-crisis\/","title":{"rendered":"A few tools to help you through the crisis"},"content":{"rendered":"<p>No one can accurately predict liquidity needs in the current economic crisis. On the other hand, we have to work on it. <\/p>\n<p>&nbsp;<\/p>\n<p><strong>Here are a few tools:<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Three (3) major measures are now in place for businesses:<\/p>\n<ul>\n<li>The Government of Canada&#8217;s BCAP program: click<a href=\"https:\/\/www.bdc.ca\/fr\/pages\/soutien-special.aspx?special-initiative=covid19\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> here <\/a> <\/li>\n<li>The Quebec government&#8217;s PACTE program: click <a href=\"https:\/\/www.investquebec.com\/quebec\/fr\/produits-financiers\/toutes-nos-solutions\/programme-daction-concertee-temporaire-pour-les-entreprises-pacte.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here<\/a><\/li>\n<li>10% wage subsidy: see link <a href=\"https:\/\/www.cfib-fcei.ca\/fr\/influence\/gouvernement-federal-banques-mesures-daide-pour-PME-covid-19\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here <\/a> <\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>In short, it&#8217;s all about :<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Deferral of loan repayments;<\/li>\n<li>Working capital loans;<\/li>\n<li>Wage subsidies.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Each program has its own particular characteristics, and we have mastered them. We have developed effective tools to meet your requirements. <\/p>\n<p>&nbsp;<\/p>\n<p><strong>A few more proofs:<\/strong><\/p>\n<p><strong> <\/strong><\/p>\n<p>The company must demonstrate that its liquidity problems are temporary and that its lack of liquidity is caused by:<\/p>\n<ul>\n<li>A problem with the supply of raw materials or products (goods or services);<\/li>\n<li>An impossibility or substantial reduction in the ability to deliver products (goods or services) or merchandise.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The situation is evolving rapidly, and there will be many liquidity support measures.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>A few practical tips:<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>1- Meet with financial creditors to obtain line-of-credit easing and\/or refinancing<\/p>\n<p>2- Draw up a plan for your employees that takes into account the various forms of government assistance available.<\/p>\n<p>3- Flexibility of FLI (Local Investment Fund) reimbursements<\/p>\n<p>4- Other organizations such as CFDCs, BDCs and EDCs will also help their customers.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Don&#8217;t hesitate to contact your associate. He&#8217;s there for you! <\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No one can accurately predict liquidity needs in the current economic crisis. On the other hand, we have to work on it. &nbsp; Here are a few tools: &nbsp; Three (3) major measures are now in place for businesses: The Government of Canada&#8217;s BCAP program: click here The Quebec government&#8217;s PACTE program: click here 10% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133,153],"tags":[],"class_list":["post-4919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-financing","category-covid-19-archives"],"acf":[],"_links":{"self":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/comments?post=4919"}],"version-history":[{"count":0,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media\/4921"}],"wp:attachment":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media?parent=4919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/categories?post=4919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/tags?post=4919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}