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Webinar: South Lake Futures- Regional Relief and Recovery Fund (RRRF) for Businesses
June 25 @ 10:00 am - 10:30 am
Host: East Gwillimbury Chamber of Commerce
Date: Thursday, June 25
Time: 10:00 a.m. to 10:30 a.m.
Join us on Thursday June 25th from 10:00-10:30 am as Tom Ross from South Lake Futures take us through the Regional Relief and Recovery Fund (RRRF). The Regional Relief and Recovery Fund (RRRF) provides financial contributions (interest-free loans) to help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic.
In order to provide targeted assistance to the small towns and communities they serve, CFDCs will focus on assisting “main street” businesses, such as retail shops, restaurants, corner stores, and businesses of strategic importance to their communities, with loans up to $40,000.
Here are a few points about the Regional Relief and Recovery Fund (RRRF)
• $40,000 loan similar to CEBA
• No payments until December 31 2022
• Repay 75% by Dec 31 2022 and 25% is forgivable – if not accessed through CEBA already
• Jan 2023, if not repaid, the loan converts to a 3 year term at 5%.
• Open to sole proprietors and businesses that were not eligible for CEBA
Tom will expand on these points and share with us the application process, their other relief grants, and discuss the Fed Dev version that is up to $500k.
Please come prepared with any questions you may have. Tom will be happy to answer them.
Register in advance for this webinar:
After registering, you will receive a confirmation email containing information about joining the meeting.