How much is the grant

1. CDAP Grant - up to $15,000

Let's meet Kane, a businessman at the auto parts manufacturing venture (it can be in other industries- solutions for industry section). Kane collaborates with a savvy Digital Advisor (e.g. ECNet Solutions!), crafting a comprehensive Digital Adoption Plan, all-in at $10,000.
CDAP will cover 90% of the cost, which is a $9,000 grant, and Kane's on the hook for just $1,000, a small price for a digital leap.
You will receive a maximum of $15,000 if your digital package costs more than approximately $17,000.

2. BDC Loan - up to $100,000

Assume Kane's business again. He can access up to $100,000 with a comfortable 5-year term, plus a 12-month capital postponement, stretching the benefit to a total of 6 years. The amount he can borrow is thoughtfully aligned with his business's scale.

If his annual revenue:

• Is between $500,000 and $5 million, he can request $25,000 to $50,000.
• Is between $5 million or more, his loan could be anywhere between $25,000 and a whopping $100,000.

* For multi-business owners, there's even more good news - they can secure loans for multiple businesses, with a cap at $200,000 per borrowing group.

3. Wage Subsidy - up to $36,500

Kane may also apply for the youth wage subsidy program, which provides a pay subsidy of up to $7,300 for a maximum of 5 employees.