 Good morning everybody. My name is Morningstar Pinto. I'm a Director of Outreach and Engagement with the Ministry of Jobs, Economic Recovery and Innovation. And you are attending the Small and Medium-sized Business Recovery Grant Program Information Session. Just to note that this session is being recorded. Next slide, please. So a quick introduction. I've introduced myself. I'm going to pass it over to John just to say hello and introduce himself. Good morning, everyone. Thank you for joining today. My name is John Cruz. I am the Manager of Finance for Trade and Industry Development, also with the Ministry of Jobs and Economic Recovery. Morningstar and I have been asked to support Stronger BC, in particular the Small, Medium-sized Business Recovery Grant Program. And yeah, welcome. Welcome everyone. Thanks, John. So just a quick overview of the agenda. I'll do an acknowledgement. We're going to talk about a few of the program improvements. We're going to go through a bit of level setting with the program and the funding. We're going to talk about the process. We're going to give you a few tips, and then we're going to make time for questions and answers. Next slide, please. So the webinar today is being delivered from downtown Victoria, BC. So we are acknowledging the Lekwungen speaking people for their continued stewardship of the land and for welcoming us as visitors on their traditional territories. And you'll see up on your screen. I encourage you to check out the signs of Lekwungen Project and all of the information on the Song He's Nation website, if you're interested in seeing the history of First Nations in our area. Next slide, please. So new improvements to the program. Just to let everybody know that there is a little bit of a time gap in between when I say next slide and when the slide actually comes onto the screen. So I might pause for what seems like a long time, but we're just going to give the technology a chance to catch up with us. So I'm not sure if everybody on the call has heard, but on March 4th, we were able to announce some improvements to the program. So the program has now been extended until August 31st, 2021 or until all of the funds are fully expended. So whichever comes first. You can now get help or sorry, businesses only need to show a 30% revenue loss from March 2020 to now when compared to the same month period in 2019. So that's down from 70%. So that's a big jump. We heard from a lot of folks, a lot of businesses, a lot of industry representatives that the 70% was very prohibitive. So we've made an adjustment. And then the third change is that you can now get help preparing a complete application package from start to finish. So if you need help gathering documents, if you need help taking a look at the application page, you do need to apply it on your own, but you can have the help of the service provider through that, as well as help with the recovery plan. And if you apply to the program before March 4th, please know that you don't need to submit a new application. We have adjudicators that are going to be taking a look at all of the applications that are in review to make sure that we haven't missed anybody and that nobody gets left behind with these changes. Next slide, please. So a quick overview about the program. The program was launched on September 17th, changes that were then made in December, and then we have the changes in March again. Eligible businesses can receive up to $30,000 depending on how much money they made in 2019 before the pandemic hit and depending on number of staff if you're looking to get the eligible tourism related business top up. Next slide, please. So here's a little overview of the eligible funding. So you'll see that the base grant amount is based on your pre-COVID annual revenue. So that's on the left side of your screen. And then on the right side of your screen, the tourism top up is based on the number of BC resident employees that you employed. So this shows you a bit of an overview of what you can expect if you're eligible and you do receive the grant. Next slide, please. So two step process. So the program essentially has two steps. Before you start with step one, though, I encourage you, we encourage you to visit gov.bc.ca forward slash business recovery grant to learn how the program works to take a look at the document checklist to make sure you meet all of the eligibility requirements and to see what you need to apply. Then you're ready for step one. So step one is start your application. This is also now where folks can reach out for help preparing a complete application package. So essentially you can click start your application, you can do the first page, and then you can take your application number and you can reach out to us through small business BC to get matched with a service provider who can help you with things like language interpretation, gathering documents, gathering the documents that you need to submit a complete application, et cetera. So once you've submitted your application and all your documents, government then reviews to make sure that you're eligible and they will reach out. We will reach out if we have any questions or if you need more information. And then once eligibility is confirmed, you move on to step two, which is completing a recovery plan. So the recovery plan is around four pages. As John likes to say, two pages are pretty much just all the disclaimers and the checkmarks to make sure that we've got ourselves covered. So the recovery plan is essentially the actions that you are going to be taking or have taken to pivot your business to help support your business through the pandemic. So then after we receive your recovery plan, the whole package is then reviewed and if you're eligible, that's when a decision is made about your grant. So I'm going to pass it on to John if we can get the next slide going and John's going to chat a little bit about step one and tips for success. Great. Thank you, Morningstar. Excuse me. So yeah, we'll talk a little bit about our eligibility criteria and the information that we seek and in terms of required documentation to help us determine your eligibility. So as you can see on the screen here, it's really important that folks go to our website, take a look at the criteria. There's a document checklist that you can download, take it along. If you're seeking for some support, your accountant or bookkeeper can help provide that information or you can be matched up with someone that, as Morningstar mentioned, through Small Business BC to really help coordinate the compilation of all this information. The one thing I'll mention while we're asking for the next slide to come up, please, is that the information we're asking for exists, already exists. If you file your taxes, your current year taxes, if you have payroll, you're filing your payroll monthly quarterly, that stuff already exists. So we're only asking for stuff that you should be able to compile quite easily if, obviously, understanding that folks are particularly small and medium-sized businesses, they're just trying to operate a business. Maybe it's their dream, right? And the last thing they want to be doing is the bookkeeping. But like I said, we anticipate that the information that we're asking for is easy to gather because as long as you've been filing your taxes and filing your payroll, it's easy to pull together. So as you can see on your screen, now we have a document checklist. Again, at the top right side of your screen, you can see our website, gov.bc.ca, forward slash business recovery grant. Ideally, there are two types of organizations. It'll be unincorporated businesses or incorporated businesses. A lot of the information we seek is similar in terms of tax returns, notices of assessment, payroll information. But I'll go through each piece so people understand, particularly for small businesses like sole proprietorships and partnerships. We're asking for your T1 tax return, your notice of assessment, and in particular, the T2125, which is your statement of business or professional activities. And that will indicate to us your operating income. We're also looking for payroll information if you do have staff or contracted staff, excuse me again, your T4 statement of remuneration or your PD-17 payroll filing or payroll or check runs. The one thing that may not exist and people may have to put something together for us is a bit of a summary of the monthly revenue. So we're looking for actual monthly revenue year over year to determine the impact of COVID on your business, in particular the revenue loss. We're looking for any one particular month. So let's take the example of April. If April 2020, you had, let's say, $50,000 of gross revenue. We compare that to your April 2019. And if you had $100,000 of gross revenue there, then you would have demonstrated a 50% loss and you would be eligible for that criteria. Well, I'll ask you to focus on the right side of your screen here for Incorporated Businesses. A little bit more different because Incorporated Businesses have some statutory filings that are required, particular to their financial statements. And again, this program is really geared towards BC residents and BC resident ownership. And so we do want to recognize that folks need to demonstrate that the majority shareholder or the significant shareholder, no other shareholder has controlling interest. So we do ask for a central securities register or your Schedule 50 shareholder information just to determine that the businesses that we want to support are owned by BC residents. And then again, as I said, in terms of statutory filings regarding balance sheets, income statements, and if available, the statement of cash flows. As you can see on the screen here, we again, we give you a little bit of a template or sample of the information we need in terms of your actual monthly revenue. And then if you go a little bit further down your page here, notice of assessment or TQ tax return. And then same with payroll documents. We're looking in particular for payroll, we're looking for information just prior to COVID, just to identify the impact that it has had on the workforce. So if you provide payroll documents from September 1, 2019 to the date of your application, then that should be sufficient. Okay. Next slide, please. All right. So we're going to talk a little bit of some of the changes that have been recently announced and some of the changes that were announced also in December. The minister was very, very keen to get some feedback from the business community and from staff on this program, just to understand really what was the challenges of the program and to make the program as inclusive as possible. One of those big changes that were announced that we opened it up to sole proprietorships and partnerships. So folks that are, let's take, for example, some of the mom and pops that don't have staff and are running the business and doing everything under the sun. Those folks are now eligible for this program. We lowered the requirement for how long a business needed to be in operation. It used to be three years. It is now only 18 months from the date of your application. So if you apply today, then you should be eligible from, I guess it would be, it's March now, so it's October 2019. You need to only show a 30% revenue loss for the same one month period year over year, so from 2020 compared to 2019. And also, as you know, this program was announced back in September 17th. I can't believe it. We've been at this for seven months. But yes, the program was announced in September 17th. So any expenses or actions that you've undertaken related to your recovery can be retroactively applied against your recovery plan. So that's an important piece there. We recognize that folks could not wait for government to set up their programs, to get the support out there. And they had to make some hard choices to pivot their business, access new revenue streams, make their business more profitable from a bottom line perspective to just make it through, like the rest of us, just to get through pandemic. So if you have incurred costs related to your recovery already from September 17th forward, then those costs can be applied to this recovery program. All right. Next slide, please. All right. So one change that I really want to focus on as well is the minister of tourism was very keen to support our program and provide some added funding to the program related to tourism. And we have adjusted our program to have a much more broad based application or definition of tourism. So it's really folks that are traveling outside of their normal environment. So it's not just international travelers, it's not just domestic travelers in Canada. It could be folks like you and me. I live in Coquitlam. And if I travel to the island or if I travel to Kelowna or I travel to Vancouver, that is outside of my normal environment. And those municipalities are entertaining me as a tourist. So it makes it a lot more broad. It's a trust based definition of it. We just ask for folks to declare that they have a significant portion of their businesses tourism related. All right. So we can go to the next slide, please. And I'll hand it back over to Morningstar, who will take us to recovery plans. So you're in good sense there. Thanks, John. Okay. So when we get to recovery plans, step two, you have a few options to to, I would say, start and complete this process. So now if a business hasn't matched with a professional service provider in stage one, they can do so now, though it is not a requirement. So I'll just go over this a little bit. So you can get matched with a small business PC qualified service provider and that service provider will get up to $2,000 to help support your process. You can also use your own professional service provider. If you if they would like to get paid through small business PC, they will need to register and small business PC essentially goes to their, their blanket organization to check in and make sure that they're in good standing. So you'll see on the right hand side of your screen that the professional service provider to be paid through this program needs to be a certified bookkeeper that's in good standing with their organization, either the CPB of Canada or the Canadian Institute of Bookkeeping. They can also be a certified professional financial planner practicing lawyer and good standing with the Law Society of BC or a chartered professional accountant in good standing with CPA of BC. And then the third process is you can develop a recovery plan on your own or using a service provider without the small business PC qualification. So with that, there is no up to $2,000 for the service provider, but the process can be much faster. So just like with everything there are pros and cons to both of these, right? If you need extra help, whether that be gathering documentation or putting together, having a chat about the actions that you're considering putting into your recovery plan and you really want to bounce your ideas off of somebody who works in the business and can take a look at maybe your financial situation or your long term plan and say, yeah, this totally aligns. It's a really great opportunity to get the help that you need. If you know what you need, you're very clear on where you want to go and you don't feel like you want to take the time to be connected with a professional service provider. You can develop a recovery plan on your own. You can download it off of the program webpage. It's around four pages as we mentioned earlier. Essentially, what adjudicators are looking for is what is the action you're going to take? How much does it cost and how long do you think it's going to take you to do this? Because really we're looking for things that are actionable. We're not looking at long-term actions. We're looking at what you've done past September 17th or what you're planning on doing in let's say the next nine months. So we want it to be something that gets you through and helps you pivot through the pandemic. Anything to add on that, John? No, it's a good point. What we're really looking for in terms of recovery action items is that it's reasonable and it's implementable, right? We want to know how these funds will support your recovery and how it will support your community. Okay. Next slide, please. So using the grant funding. So here are some sample actions. So you can see here that we've got both some pieces that happened in the future and some of the stuff that we could be doing in the past. So this is, except for the colors, this is actually how it looks in the action plan. So if you installed Plexiglas or if you're planning on installing Plexiglas barriers, you think it's going to take a couple of weeks and you've been told it's going to cost this much, you know, 5,000 and change, you put that in there. If you need to pay some of your rent, understanding that we want to cover rent, we recognize that this is important and we can help cover a couple of months. What we don't want to see is your whole action plan is just covering rent, right? Because that's not going to show us that you're moving forward on your business and pivoting and looking for new ways to reach customers. That's a good point. Morningstar, sorry to cut in there. This is a recovery plan. We want to make sure that folks are set up to sort of be successful between, you know, the next six to nine months in terms of how they're accessing and pivoting their business. But at the same time, as Morningstar said, the Minister of Finance was clear that she wanted to include some funding here, a portion of the funding to meet some of those demands that folks have in terms of their fixed and costs like rent and property taxes and utilities and whatnot. But definitely it's really geared towards your recovery and what can you do to make it safe for your staff, make it safe for your customers and like I said, pivot to different revenue streams. Absolutely. Thanks, John. So you can see there are a couple of examples up on the screen supporting your business, moving online, diversifying your business to reach new customers, purchasing equipment or improving on the way you're presenting your goods and services. A couple of things that have come up in the past few days. We have some folks who are owner operators of their own taxis that are wondering how this program will work for them. One thing is, if you are a taxi owner operator, you can apply under the program, you need to have your own business. So you need to be registered with BC registries to show your own business number. You don't actually apply using the blanket taxi company that you are working for. Another thing that's come up is, can we use this for wages? And this is an interesting conversation, right? This isn't about sustaining the employees that you already have. So in the case of just paying your employees wages, no. If you want to hire a contractor for six months to help with marketing, if you want to bring somebody in to help pivot your business, the answer is yes. So John, do you want to speak a little more to that piece? Sure. It's a good point, and thanks for bringing that up, Maristar. If you want to hire someone that's going to help pivot your business or access marketing or social media, some of the things that you can't do on your own or don't have the time to do your own, then definitely this will help you access new markets or new revenue streams or make your business more efficient and more profitable, right? So those costs could be included in the recovery plan. We recognize that one of the significant costs for any business are wages, it's like 80-20 in terms of human resource costs, and we recognize that. But there are other programs, particularly the wage subsidy that are available for those type of expenses. Thanks, John. So and again, these are some sample actions, but this is not inclusive. You are in the dreaming and planning and driving of these actions, and so we expect that you as a business owner have the best idea how to make your business successful in the coming months. And just a reminder that you can retroactively claim actions in your recovery plan back until September 17th. So if you have done any work from September 17th on, you can claim that in your action plan. Next slide, please. So just a reminder before we get to questions that this is a non-repayable grant, not alone. So you do not have to pay this money back unless it turns out that you use the money to take a trip somewhere instead of actually putting it back into your business, which we don't assume you're going to do. Businesses that applied before the changes, you do not need to resubmit an application. We have adjudicators who will be reviewing under the new program criteria. And then a reminder that the program now runs until August 31st of this year, or until funds are fully subscribed, whichever comes first. So we encourage you to get your application in, because we expect that the program will be fully subscribed. And then if you need any help or tips or tricks or anything like that, there's a couple ways you can go about doing that on our gov.bc.ca forward slash recovery grant program webpage. We have our contact information, both a hotline that you can call as well as some information, the email address. And then you can also subscribe to updates. There's a little box on the screen that will allow you to put in your email address. And then every time we do make changes to the website of significance, you will be notified so that you can keep up to date. And then just a reminder that translation and interpretation supports are available. I believe we have the main webpage translated into nine different languages. If that language doesn't work, you can reach out to that hotline that we've called. And we do have supports available for both interpretation and translation services, as well as service providers that can help you in the language of your choice. So that's about it, John. Any last pieces or should we get to questions? No, I think that's it. We pretty much covered the program, the eligibility and what we need to verify your eligibility. So yeah, let's get into some questions. Great. Great. Thanks. There has been quite a few questions that have come in. So I'm not sure if we'll get to all of them. But if we don't, then we do have the additional resources that you can reach out to. The first question comes, if I have made a mistake on my application and missed a document, how do I go about amending that? Okay. Good question. Once your file has been submitted, we take that file into our system and get some assigned to an adjudicator. They will reach out to you about missing documentation and any information that they have. And like I said, if you refer to our document checklist and are able to submit that, it does help in terms of speeding up the process. And if we do find that all the information we need is already there, we can offer a bit of a fast track so folks can get to the recovery plan right away and not have to sort the process down. But if you have missed some information, you'll have to, you can either send a note into our helpline or our help desk or you can wait for your adjudicator to reach out for subsequent information. So just to clarify, on the screen, business recovery grant program at gov.bc.ca. So if you have realized and you want to be proactive and you've realized you've missed a document, you can reach out to that email address and that's the way to contact the team. I will just say don't send any of those documentations into that email address. Just send an email and they'll let you know, they can link you up with a document uploader and you can add it that directly to your file that way. Absolutely. Just for privacy concerns, we just don't want folks to be sending stuff through email. We want them to use our secure document uploader. Thanks. Thanks, Jessica. For the revenue, monthly revenue, do we need to include any subsidies or wage or rent subsidies that we've received for 2020? No. We're only concerned about your businesses' operations and we don't necessarily take into account any support you received elsewhere. There's a couple of questions just about the professional help for the recovery fund and how that is paid for. Is the money that $2,000 or the amount of money that you get help with, is that taken off of your total grant amount? No. So that is a separate process. It is paid directly to the service provider through Small Business BC who is partnering to deliver this side of the program with us. So it does not affect your grant at all. Okay. If I get help from a professional service provider but I'm unsuccessful in receiving the grant, will I have to pay back the cost of the service provider? No. As long as they are registered with Small Business BC and they have a relationship with Small Business BC and have been vetted. Government, at this point we understand that not everybody may be eligible and we want to make sure that everybody gets the best chance at getting this grant as possible. Anything to add to that, John? No. That's exactly the point. We know that it can be a challenge preparing all this documentation or co-leading that information for us and so we want to provide that support to folks. So yes, you will not be responsible for those costs incurred for that type of support. And then there's just a question. Is this grant recovery program suitable for trade companies, like that example electricians or welders, welding companies, but except for the revenue law? Well, I don't see why any registered business couldn't apply for this as long as they meet all of our eligibility criteria. So I don't want to speak to this particular industry, but I don't see why they wouldn't be able to apply. I'll just point to folks that, you know, the criteria is pretty clear. We want to make sure that we're supporting businesses in BC that are owned by BC residents, that we're protecting as much as we can BC resident employment and jobs, and really just demonstrating the impact of COVID on those businesses. Okay. Sorry, Jessica, I've got you up there. No, that's perfect. Okay, and there's just a number of people asking for clarification on just how that 30% revenue is calculated and how if it's one month or many months that are required for that 30% drop. Great question. So on our website, there is a required document checklist, and you'll see there's a sample table. It's really just two columns that say, here's the month of April, as I alluded to earlier. This is my gross revenue for April 2020. It was $30,000. And then you'll have April the prior year 2019. So we're just looking for the impact year over year for a particular month, one month. And it just needs to be one month. So anytime from March 2020 on, if you can show a 30% loss year over year, you are eligible. As long as you meet the other criteria, obviously. And the website does say compared to 2019, but if I was going to compare January 2021 or February 2021 to 2020. Great question. So it's from March 2020 forward. So we'll apply that to the previous year. Obviously, the impact of COVID is within 2020 and that the strongest indicator of revenue loss. But we recognize that because the program has been extended that you could apply it theoretically to January 2021 versus January 2020. So that would be fine. The term pivot came up a number of times in the presentation. Can you explain what you mean by pivoting a business? Sure. Why don't I take a crack and then I'll let John think I've said wrong. So let's say that I am a business that to this point, let's say I'm in Victoria and I'm a coffee shop that relies a lot on the tourists coming in from the fairies and visiting. And I sell a bunch of baked goods and I sell coffee. And I all of a sudden realize, holy smokes, I'm not getting the people in the door. What can I do differently? Maybe I can start delivering my coffee. Maybe I can add new products. Maybe I need a website and I need to start marketing some of the products that I have. So when we say pivot, it's like how do you take what you have and apply it to a different customer base than maybe you had thought of before. So there's a good example of a group that just got a grant in a ski community. They were used to promoting travel, like luxury travel packages to international travelers. Well, they don't have international travelers now. So they are pivoting their business by creating luxury travel packages for folks in BC. So they're looking more at the local market and they're looking at a different client base than they had ever thought that they would connect with. John, anything to add to that one? Yeah, what I'll say is that in terms of the word pivot, I think for lack of a better term, it's really how are you going to sustain your profitability? How are you going to continue to keep your staff and pay for those operational expenses, right? So does it mean that you expand revenue and access new markets or does it mean you make your business more efficient? Do you adjust your footprint so that you can access more customer base in a social distance environment? I'll give you one example that we got that was one of my favorites over the seven months that Morningstar and I have been working on this for Jessica as well. We had a tour company. I'll try to be as I won't share any personal identifying information, but they found that their client base was always asking to stop to buy supplements unrelated to the work that they do. And so they said, well, this is what they're looking for. So they expanded their website to also offer supplements because that's what those customers were looking for. And they found that when they did that and accessing these new markets that they can provide that and sustain themselves at least until borders open and we have more folks coming in back into our province. And that's what we mean by pivot. We don't necessarily mean a complete 180 degree shift. We understand that people, you're living the dream about entrepreneurship and creating this business that you it's hard to pivot. I understand that I'm an accountant by trade. I can't just become a non-accountant. So I can pivot this this much. And it's just the degree that you shift your business to access these these new markets or new a new demand that could be out there or maybe it is 180 degree shift. Who knows, right? But but yeah, just how do you access and how do how does this program help to to provide that ability to make that access to other streams? Hope that helps answer that question. Great. Can the recovery, can you include in your recovery plan infrastructure costs, for example, if we're looking to build a farm stand for our business? Yeah, I don't see the the only problem that I see with that and it's not really a problem because that would definitely access a new revenue stream by having a new sort of let's call it storefront. And that would definitely be something that could expand your revenue potential. I only say that this is a one-time grant funding and it doesn't have the ability to have a more lasting ability to fund sort of capital projects. So just being a word of caution that this is a one-time only grant it's not alone it's non-repayable but it is one-time only. Yeah and I might add to that you know so you think about the you think about the the size and the time it takes so a farm stand, a new patio, things like that are probably within reach within a shorter period of time and don't cost a huge amount of money which is very different than like I'm going to add on a big chunk to my building or I'm going to build a new building or something like that. Obviously there's not enough funding to do to build a new building anyways but you know like think of scale when you're when you're thinking of approach. Okay and one of the eligibility criteria is to show positive cash flow in the past year. Can you clarify what adjudicators are looking for when they're verifying this in an application? Great question. What we're looking for there is to demonstrate operational cash flow to determine that businesses are viable in the short term that they can meet their short term obligations like salaries and rent and kind of the stuff that you and I would pay for typically in terms of your day-to-day expenses. So just making sure that businesses are viable in the short term operational. I feel like I just add words at the end. Operational cash flow is what we're looking at. And are nonprofits available able to apply for this grant? We get it every single call. Morningstar and I have been on a road show of this program for the last I guess three or four months and we've been in every corner of the province and we get this question every single time and unfortunately as it states on our website this is not open to not-for-profit organizations. We do recognize that there are other programs available to those types of organizations particularly registered charities but we do recognize this as a bit of a gap in in some of the support that is out there for not-for-profits and we consistently bring this message back to our executive because we get the same question every single call and they hear us and I won't speak on behalf of government in terms of policy decisions but they're aware that there is potential gap for those folks and we want to hope that we can provide some supports out there. I think Morningstar can speak to that a little bit as well. Yeah I would agree John you know I think government is listening and they're recognizing that this was a bit of a blind spot and they are looking you know our next budget is coming out April 20th I believe and I know that the next budget is being looked at with how can we make more resources available for not-for-profits. That being said our small business branch within our ministry does have a great list of resources that they update regularly for not-for-profits so if you'd like to email that email on your screen business recovery grant program at gov.bc.ca and request additional information for not-for-profits we'd be happy to share that with you as well. And our business is required to have any staff if it's an incorporated or sole proprietorship with no other employees would they still be eligible for this grant? Yes you're not required to have employees you can have zero up to 149. Approximately how long does it take for applications to be reviewed and processed in the program? Well that's all dependent there that's a good question it's all dependent and that's why we focus a lot of this presentation on the eligibility criteria and the required document checklist because we do find that we're still seeing about 50% of the applications that come in are lacking some type of supporting documentation and I just want to emphasize that we believe that the information is well I understand it can be a bit of a challenge it's easy for me to stand on the soapbox and be an accountant and say yeah I know what all these acronyms stand for and what these documents look like I can see them I see them in my sleep but I know for some folks it's a challenge to get that you just say that if you can get the information to us it does speed up the process and we do find for the other 50% that do provide all the information we can offer something that's called a bit of a fast track to help speed up the process because the recovery plan itself is really simple at least I believe it used to be 21 pages it's now four as Morningstar likes to call it I think it's two we have a constant argument about what's really a page and a half of information that we need and then the other page two pages are about declaration and signing right it's really about the action items you can take towards your recovery if they're implementable and the timelines and the cost right so if we get all the information you can I guess it does speed up the time and if you prepare your own recovery plan that also saves some time so that that can really help in the process and as far as the amount of time it takes right now I'd say it's around six to eight weeks and I know that sounds like a lot of time but you know with with with the steps and with the adjudication process and with the back and forth that's what we're seeing is around 68 weeks and we are trying to make that you know speed up the process I believe we are constantly you know bringing on more staff to to keep up and to make sure that we get things to you as quickly as possible that's right part of the thing is that there is quite the influx of applications because Morningstar and I have been doing our job and engaging with stakeholders to make sure that they are aware of our program so there are some a lot of applications to be going through and making sure that we are adjudicating consistently and fairly to get that support out there but at the same time finance the the amount of time for processing of all these payments can put some delays in the whole process so it's about like Morningstar mentioned 60 weeks for funding amounts are the funding amounts set based on those pre-COVID revenues and the employee amounts or do they depend on the information that you submit in your recovery plan? I know it's it's set based on those criteria and will this presentation and webinar be available anywhere if people want to come back and look at it after the session? Yes so we will have Jessica who just asked the question work her magic and we will have a recording available as well as the PDF of the presentation online in the coming week or so and that'll be at our at the webpage listed on your screen great so we're just about out of time there so maybe I'll pass it back to you we weren't able to answer all the questions so if you still have some you can definitely email or call there's people agents available from 9 a.m till 5 p.m ready to answer your questions at that phone number on the screen and I'll hand it back to Morningstar and John to give any last final advice for anyone wanting to submit an application. Thank you Jessica what I'll say is that we encourage folks to look at our website review the criteria to see if they believe they're eligible download the checklist either bring that to their bookkeeper accountant lawyer financial planner prepare that documentation and we look forward to having folks apply for the program. Yeah and I'll close off just by encouraging everybody to apply and if you have any questions to use the contact information below we're really jazzed that the program has been extended and that we were able to get some more changes through the door you know I think it's great that we're able as government to make these changes so quickly and to respond to what's happening in the province and you know we recognize that this is a challenging time for businesses throughout BC and for people in general and and so we're with you and we're here to help. Okay thank you everyone thank you for joining. Thanks everybody.