Small Business Emergency Fund

Purpose:

The purpose of this program is to offer assistance to businesses within the City of Lacombe who are the victims of vandalism and facing a potential loss of business.

Who can use this program?

• Any active Echo Energy or Placemaker Business
• Each business may only apply once in a calendar year

How much funding is available to a business?

• Fund Maximum of $5000/year
• $1000 – $3000 available per claim
• $500 gift from Echo and the remainder as an interest-free loan to be repaid within 90 days

What type of act qualifies for funding?

• Acts of Vandalism
• Damage to Property
• Loss of Business Days

Approval Process

To be eligible an applicant must include a:

1. Police Report File Number
2. Proof of Valid Insurance
3. Copy of Invoice / Receipts within 24 business hours (i.e. Business owner opts to fix the issue themselves by purchasing materials from the hardware store)

Procedure

Applicants will be required to submit the required information via email to guy@echolacombe.ca or in person at Lacombe City Hall, 5432-56th Ave Lacombe AB, T4L 1E9.