RCCFDC SME Relief Loans
In direct response to our clients advising us of the impact on their businesses and the need for support, Renfrew County Community Futures Development Corporation (RCCFDC) is responding at this unprecedented time with the following:
For the period of March 18, 2020 – July 31, 2020, monthly Loan Payments for all existing clients will be suspended until August 1, 2020 (the principal portion of the payment will be deferred, and interest costs forgiven until July 31, 2020). The Life Insurance component will be collected monthly. We will continue reassessing the economic impact of COVID-19 and may find it necessary to make further amendments as needed.
RCCFDC will also be offering a Special Loan (identified as “Relief Loan”) at the Prime Rate to both existing and new clients and if approved will receive funding within 3 business days of receiving an application. The loan is to assist with working capital or other verified expenses you expect to have an economic impact on your business due to COVID-19. The call for applications will be in effect until May 31, 2020
|RCCFDC Loan Support details for SME in Renfrew County||15.5KB|