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  • 29 May 2020 3:08 PM | Anonymous

    Sylvan Lake Business Survey Results

    The Chamber and Town of Sylvan Lake, conducted a Business Resiliency Survey during the month of April to better understand how COVID-19 is impacting our community's businesses.

    Over 130 businesses responded to the survey.

    The survey responses can be viewed HERE

  • 26 Mar 2020 8:48 AM | Anonymous

    Business Insurance: How Coverage is Triggered

    These are uncertain and challenging times. With COVID-19 causing global concern, we understand many Canadians will have questions related to commercial insurance. IBC has produced a brief Q&A document outlining how coverage is triggered and how business interruption policies work.


  • 23 Mar 2020 4:38 PM | Anonymous

    The Alberta Government announced three new decisions today to support Albertans and employers during the COVID-19 pandemic.

    • Education property tax freeze
    • Education property tax deferral for business
    • WCB premiums deferral for private sector businesses and support for small and medium businesses


  • 23 Mar 2020 3:52 PM | Anonymous

    The Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA)


  • 23 Mar 2020 10:49 AM | Anonymous

    Most of you have already heard that BDC in cooperation with EDC will receive a 10 Billion dollar envelope to help entrepreneurs that are directly impacted by COVID-19.

    For loans under $100,000 you can apply online and get the same lower interest rate due to COVID-19. There is no application fee and it is a simple online process.  The minimum criteria is 2 years in business and decent/good personal credit.

    Here is the application link. Where it asks for BDC Representative add:  Anna Lorena Sauve

    For loans over $100,000 please refer to the details below for what is required. 

    Details on the loan:

    • Structure: Working Capital Loan
    • Max Amount: Up to $2Million (max amount is 2M - due diligence applied on a case by case basis)
    • Exclusions: Start-ups, refinancing, change of ownership
    • Terms + Conditions: 12 month principal postponement - interest will be due 30 days following initial disbursement
    • Repayment max: 36 months

    Documents required:

    • The last three years of year-end financial statements
    • Most recent year-to-date financials (Balance Sheet, comparable income statement to last year, aged A/R and aged A/P listing)
    • Sales and cashflow projections for the next two fiscal years on a month over month basis
    • Loan Application Form – required only if no new loans have been requested in last 2 years. (click to download form)
    • Personal Net Worth Form – required only if no new loans have been requested in last 2 years (click to download form)
    • Organizational Chart showing the ownership of all companies
    • Copy of current line of credit agreement with financial institution
    • ID verification
    • Site visit
    • Overview of costs within the next few months (see questions below that help to answer that question

    Additional questions to be answered

    • At what activity level do you anticipate to operate at over the next six months (ie: full shut down or reduced capacity, what are the main impacts on your activities, specialized staff, access to premisis or employees to work remotely)
    • What are the key carrying costs (burn rate) for the next six months? (ie: rent, insurance, electricity, salaries, financial fees)
    • With a working capital loan and/or postponement and support from other lenders, does this cover your cash needs for the next six months?
    • What are your agreements with key suppliers and customers on payment terms / support for the next six months

    For further questions contact:

    Anna Lorena Sauve, Senior Account Manager BDC
    t. 587.797.2101  e. annalorena.sauve@bdc.ca

  • 21 Mar 2020 9:52 AM | Anonymous

    The Canadian Payroll Association has provided answers to some of the most commonly asked questions by employers.  Click the link below to to download the full FAQ.


  • 21 Mar 2020 9:38 AM | Anonymous

    Work-share Program:

    The Government of Canada offers the Work-Sharing Program, which is designed to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer. 

    For more info check out the Work-Sharing program website or call the Employer Contact Centre at 1-800-367-5693. 


    Employment Insurance Program:

    The Government of Canada offers benefits for individuals who may qualify if they have lost their job.  https://www.canada.ca/en/services/benefits/ei.html 

     COVID EI claims can be made at: 1-833-381- 2725

  • 21 Mar 2020 9:25 AM | Anonymous

    The Alberta Government requests that businesses take this short survey to help them assess the impact of COVID-19 on your business and gather information on what priority needs and resources are required at this time.

    Business Impact Survey 

  • 20 Mar 2020 5:12 PM | Anonymous

    Click the link below for this week's most frequently asked questions.


  • 9 Sep 2019 12:45 PM | Anonymous

    After receiving more than 150 nominations, we are pleased to announce the Finalists for the 2019 Sylvan Lake Business Awards as selected by a panel of judges who evaluated and scored each application. The award winners will be announced at the upcoming Mermaid Ball + Business Awards on Saturday October 26th, a 300 person formal event to be held in Sylvan Lake.  Please join us in congratulating this year's finalists....

    Employee of the Year Award

    • Donna Amo - Boston Pizza
    • Ingrid Soanes - Sylvan Lake Community Partners
    • Taylor Bohn  - Bukwildz
    • Tiffany Stoyles - Sylvan Agencies - A Division of Rogers Insurance
    • Grace Woods - Good Earth Coffeehouse

    Business Woman of the Year Award

    • Cathy Forner - C4ner Management
    • Debby Bach - Sylvan Olive Co.
    • Kathryn Blair - Undercurrent Brewing
    • Leah McIntyre - Sylvan Agencies
    • Priscilla D'Mello - Murdoch D'Mello Insurance + Financial Services - the co-operators

    Young Entrepreneur Award

    • Kjeryn Dakin - Bukwildz
    • Dr. Lance McAffe - Sylvan Family Chiropractic
    • Skylar Murdoch - Murdoch D'Mello Insurance + Financial Services - the co-operators
    • Travis Jones - Sylvan Lake Physical Therapy

    Environmental Stewardship Award

    • Sylvan Lake Aqua Splash
    • Good Earth Coffeehouse
    • Sylvan Lake Community Partners Association
    • Undercurrent Brewing

    Visitor Friendly Award

    • Good Earth Coffeehouse
    • Snake Lake Brewing Company
    • Sylvan Olive Co.
    • Sobeys Sylvan Lake
    • Sunsport Recreation

    Customer Service Excellence Award

    • ATB Financial
    • Good Earth Coffeehouse
    • RoyAl Glass
    • Sylvan Agencies
    • Western Business Solutions

    Marketing Excellence Award

    • 7 Points Media
    • Good Earth Coffeehouse
    • Lapp Realty
    • Snake Lake Brewing Company
    • Canadian Tire - Sylvan Lake

    New Business of the Year

    • A/T Tire + Performance
    • Good Earth Coffeehouse
    • Murdoch D'Mello Insurance + Financial Solutions
    • C-4ner Management
    • Neighbour by the Lake
    • Uptown Parties + Balloons

    Small Business of the Year (under 10 employees)

    • ATB Financial
    • Picky Painter
    • Rapid Auto Solutions
    • Saks Shoes
    • TD Bobcat

    Large Business of the Year (10+ employees)

    • Bukwildz
    • Canadian Tire -Sylvan Lake
    • Sylvan Steam + Spa
    • Sylvan Agencies
    • Servus Credit Union
    • Coverdale's No Frills

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Our mission is to encourage and promote a positive, balanced, vital economy and preserve the unique qualities that make Sylvan Lake a great place to live, work and do business.


Sylvan Lake, Alberta



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