RRRF Community Futures Stream
At this time the RRRF Community Futures stream of this fund is not live, and the application portal has not yet been released. Please know that we are working diligently with our partners to advance this process.
In the meantime, please provide your contact details in the form at the bottom of this page and once the application portal has become active, we will forward you the necessary information.
In the meantime, please see below eligibility criteria…
- Small and Medium-Sized Enterprises (SMEs) located in non-metropolitan regions (all areas served by Community Futures organizations) in Western Canada.
- The SME must attest to their ineligibility for other federal government COVID-19 support programming such as the Canada Emergency Business Account (CEBA) or the Business Credit Availability Program (BCAP)
- The small business must have been viable and not experiencing any liquidity or other financial difficulties as of March 1, 2020.
- The small business must have experienced a material adverse effect on business operations on or after March 1, 2020 as a result of the COVID-19 pandemic.
- Business established before March 1, 2020.
- Be a sole proprietorship, partnership (except professional services), corporation, social enterprise, or other similar organization.
- Operating expenses, payroll and other non-deferrable expenses which are critical to sustain business continuity.
- No interest accrual or principal payments through December 31, 2022
- If 75% of loan is repaid by December 31, 2022, the remainder of the loan is forgiven
- Blended principal and interest payments beginning January 1, 2023 and loans must be repaid by December 31, 2025
- No prepayment penalties
We appreciate the frustration this delay may cause and we will do our best to keep you informed as information is delivered to our office. Please submit the form to receive updates.
Thank you for your patience.
If you are interested in being contacted when the program is open for you to apply, please fill out the following form.