Amount:

$20,000

Type of Program:

Loan


Description:

To mitigate the impacts of the Covid-19 transmission reduction measures on businesses in the Rainy River District the RRFDC is offering to retail and service sector businesses a special financing package.

Comments on Funding:

Funding is up to $20,000.

Loan terms and conditions:

  1. 1
    0% interest for 12 months followed by repayment up to an additional 48 months at Prime.
  2. 2
    There will be a 3 months grace period before payments will begin.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicant must:

  • be businesses in the Rainy River District;
  • be retail and service sector businesses.

Applications Steps:

1

For more information applicants must call Geoff at 807-276-1592 or Angela at 807-276-5101 or e-mail them at geoff@rrfdc.on.ca or angela@rrfdc.on.ca.

Other Things to Note:

Rainy River Future Development Corporation is a membership-driven, non-profit, community-based corporation, governed by a Board of Directors who are elected each year from our membership. The Rainy River Future Development Corporation is supported by FedNor and Industry Canada under the Community Futures Program and the Municipalities of:

  • Alberton,
  • Chapple,
  • Emo,
  • Fort Frances,
  • La Vallee,
  • Lake of the Woods,
  • Morley,
  • Rainy River

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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