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Regional Relief and Recovery Fund (RRRF)


Loans up to $40,000


The Government of Canada and Community Futures organizations (CFs) understand the difficulties the COVID-19 pandemic has caused the small business community throughout the West.  As a result, the Government of Canada has made funds available to the CFs to provide support and assistance to SMEs through the rural stream of the Regional Relief and Recovery Fund (RRRF).
Parameters of RRRF Loans: Capitalization funding provided by the RRRF CF Association Loan Pool will be used to provide loans to eligible applicants and must include the following guidelines:
  1. Maximum assistance will be $40,000;
  2. 0% interest and no principal payments until December 31, 2022;
  3. Principal repayments can be voluntarily made at any time;
  4. 25% (not to exceed $10,000) can be forgiven provided the Client has paid 75% of the original loan amount prior to December 31, 2022;
  5. If the client is unable to repay the loan by December 31, 2022, the loan will be converted to a three-year term loan with interest rates up to 5%, effective January 1, 2023.  The full balance must be repaid no later than December 31, 2025;
  6. Loan pooling is prohibited;
  7. Equity investments are prohibited; and
  8. Grants and contributions are prohibited.


Eligible Applicants for RRRF Loans: Small-and-medium sized enterprises (SMEs) and Social Enterprises taking into account the following:

  1. Established prior to March 1, 2020;
  2. Impacted adversely due to the COVID-19 pandemic;
  3. Viable and not experiencing financial pressures prior to March 1, 2020;
  4. Ineligible, rejected, and/ or not already receiving other federal relief supports for the same expenditures.


Eligible Costs for Capitalization Support: Costs such as rent, salaries and benefits will only be considered if the applicant is rejected and/ or not already receiving assistance for these costs from other federal and provincial funding measures.

  1. salaries, and benefits (will only be considered if not receiving funding from the Canada Emergency Wage Subsidy);
  2. property taxes;
  3. rent (applicants are expected to pursue with their landlord access to the Canadian Emergency Commercial Rent Assistance (CECRA) for small businesses);
  4. Utilities;
  5. cleaning supplies and additional safety measures;
  6. bank interest/ charges;
  7. office supplies and vehicle operating expenses;
  8. lease payments for existing equipment and machinery;
  9. professional fees;
  10. insurances; and
  11. other eligible expenses associated with retooling, rethinking workflows, automation, robotics, developing new markets, etc.

Use of funds for the repayment of existing loan debt, including but not limited to CF organizations, is prohibited.


RRRF -  Frequently Asked Questions (FAQ)

Regional Relief and Recovery Fund (RRRF) Application




Small Business BC Support Services




B.C. Business COVID-19 Support Service

Connecting Small Businesses with the resources, and guidance necessary to navigate challenges from COVID-19




COVID-19 Loan


 COVID-19 Loan Program for Small Business

Community Futures is offering COVID-19 loans up to $20,000 to qualifying businesses!

**Business includes for-profit, not-for-profit, sole proprietorships, partnerships, and incorporated companies, ranches and farms.**

Contact us for more info 250-453-9165 or email.


COVID-19 Loan Application 

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Western Economic Diversification Canada
Societe de developpement economique
Pour obtenir le service en fran├žais appeler 1-877-732-3534
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