CF FFG WEEKLY UPDATES
EMERGENCY LOAN PROGRAM
The emergency loan program provides financial support to businesses that have not been to operate or have operated at a reduced level for more than 5 days due to an emergency situation.
Please see the links below for full program details and application form.
For more information, please call 250-562-9622.
FOR IMMEDIATE RELEASE – MARCH 20, 2020
The COVID-19 pandemic is currently affecting every community, industry and business in Canada. Community Futures offices across Canada have been working to develop and implement strategies to help entrepreneurs and small businesses cope with impacts of market disruption, business closures, travel interruptions and the need for social distancing in their communities.
Community Futures Fraser Fort George (CF FFG) is taking two immediate steps to provide assistance to entrepreneurs and small businesses in our service area.
First, we are providing an initial 3-month period of optional support programs for all of our current loan clients. In offering this support, CF FFG recognizes that there is not a “one size fits all” for all businesses and will offer one of the following options to all of our clients:
- Payment deferral, until June 30, 2020
- Interest only payments, until June 30, 2020
- Reduce payments by 50%, until June 30, 2020
CF FFG is striving to support clients in a manner that meets their needs and reduces undue hardship. Our staff and Board will continue to monitor and evaluate the needs of the business community and clients and adjust our response accordingly. The CF FFG staff will be reaching out directly to each of our existing clients to discuss these options.
Second, Community Futures Fraser Fort George is offering a special repayable, term loan product. This emergency credit option is aimed at helping entrepreneurs and small businesses remain operational during this unprecedented time. Existing businesses in the Fraser Fort George service area are eligible to apply for an emergency loan of up to $20,000 with limited security requirements, pragmatic terms and conditions, and a rapid response time. We are also continuing to offer all of our regular term loan options.
Please be advised that CF FFG is collaborating and supporting the Prince George Chamber of Commerce on ensuring any new announcements pertaining to COVID-19 are up-to-date; you will find a link to this information on the front page of CF FFG’s website.
We recognize that the businesses in our communities are vital and that they are vulnerable to the inescapable economic effects of this pandemic. We are working with our partners, including all levels of government, Chambers of Commerce, business associations and other service providers, to respond to the evolving needs of our business community.
To serve our current and new clients the Community Future Fraser Fort George office will continue to offer phone and online services. During the COVID-19 pandemic we will no longer be taking in-person appointments or walk-in visits. The health and safety of the public, our staff, and their families is critical and we continue to do our part.
More information is available on our website www.cfdc.bc.ca and via Facebook.