The Regional Relief and Recovery Fund (RRRF) is not just for businesses anymore. Non-profit organizations have also been affected by COVID-19, and the RRRF can offer them relief.
The Prince Rupert and District Chamber of Commerce, a leading non-profit organization in the community, is one such non-profit that has taken advantage of the RRRF 2.0 intake. Community Futures staff had a conversation with Chamber Executive Director Janet Song about the Chamber’s experience with the application for the fund and how they plan to use it to continue helping serve businesses in the community. Janet explained how non-profit organizations can use the RRRF and the unique benefits it brings in comparison to other funding options. Specifically, she speaks on the flexibility the program offers new and non-profit organizations and the relative simplicity of the application process. These benefits allow for the funding to promote stability of operations despite the turbulence brought about by COVID-19. Hear everything Janet had to say in the above video.
The RRRF offers businesses and non-profit organizations loans of up to $40,000 towards COVID-19 related expenses. No interest is accrued until December 31st, 2022 and 25% (up to $10,000) of the loan amount is forgivable if paid by that date. For more information on the program visit the application portal on our website or call us at (250) 622-2332.
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