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Attention All Small Businesses in Renfrew County – COVID-19 Relief Loan

If you or someone you know is struggling through this unprecedented time, please be advised that in direct response to local needs, Renfrew County Community Futures Development Corporation (RCCFDC) is currently offering a Special “Relief Loan”at 2.95% to qualifying existing and new small business clients. As part of the Relief loan, all payments will be deferred and interest forgiven to July 31, 2020.

This loan is to assist with working capital or other expenses you expect to have an economic impact on your business due to COVID -19

 

To apply for the Relief Loan, go to www.rccfdc.org/financing to request the loan application.

For any questions, please contact Mike Thompson, Business Development Officer, at mike.thompson@rccfdc.org

Relief Loan FB post (4)

(COVID-19) Support for Small and Mid-Size Enterprises in Renfrew County that are impacted by the Coronavirus Pandemic

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 2.95% to both existing and new clients. 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 features of the Relief Loan are as follows:

Loan Amount and Term

  • $20,000 – 2.95%; 5-year term
  • $15,000 – 2.95%; 4-year term
  • $10,000 – 2.95%; 3-year term
  • $5,000 – 2.95%; 2-year term

Payment:

  • Payments will be suspended until August 1, 2020 (Interest costs will be forgiven until August 1, 2020). The Life Insurance component will be collected monthly.

Security:

  • Promissory Note (and supporting resolution if required)
  • General Security Agreement
  • Personal Guarantee
  • Life Insurance

To apply for the Relief Loan, go to https://www.rccfdc.org/financing/ to request the loan application.

If additional funding is required, please contact Mike Thompson, Business Development Officer, mike.thompson@rccfdc.org as more information may be requested.

RCCFDC is closely monitoring this developing situation and is available to assist all Small and Mid-Size Enterprises in Renfrew County with financial support and counselling services.

COVID-19 NOTICE

Out of caution for the health of Renfrew County CFDC employees, clients and communities, we are implementing a series of measures intended to support business continuity for ourselves and clients while supporting the goals of social distancing in arresting the impact of COVID-19.

We remain committed to serving our clients during this challenging time. Effective March 17th, the following decisions have been implemented until further notice:

1. Our staff continues to be available for client servicing via telecommunication/electronic methods of phone, email and conferencing.

2. By exception, and solely business critical, we will be accessible by scheduled appointment.

Like all Canadians, we are closely monitoring official announcements and expect to respond as this fluid situation continues to evolve. The Government of Canada has launched a new web page (click here) to provide Canadian businesses with a one-stop-shop for the resources they need to make informed decisions while navigating the challenges of COVID-19 in an interconnected global economy.

Concurrently, we are also proactively working with our many partners and colleagues to collaborate on responses to the changing needs of our clients. Please watch our website and social media feeds for ongoing updates.

We thank you for your patience during this difficult time and encourage all to be, and stay, well.

Diane McKinnon, Executive Director

Renfrew County Community Futures Development Corporation

Women in Business – 2019

Are you ready for this?! Women in Business is back for its third year!

If you are a woman in business, don’t miss your chance to register for this awesome networking opportunity!
This year focuses on “Using Emotional Intelligence in Business” and hosts an interactive panel of Chamber and political representatives!

Contact ontrac to register today!

For more information and to register, call 613-623-4680 or e-mail arnprior@getontrac.ca

Women in Business 2019 - Official Sponsor Poster

FanSaves Wins RC100 2019

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Renfrew County Community Futures Development Corporation Announces the Winner of its Second Startup Competition

August 14, 2019 5:00 PM Eastern Daylight Time

PEMBROKE, Ontario–After three intensive rounds of competitive down-selection, FanSaves won the second annual RC100 Startup competition, securing $100,000 in early-stage investment from Renfrew County Community Futures Development Corporation (CFDC).

FanSaves is a platform that helps sports teams and other organizations activate their fan base, increase engagement and compile valuable customer data and ROI. Their mobile app gives fans discounts and deals from sponsors of their favourite teams and organizations. Each redemption is tracked in a dashboard, unique to each team and sponsor, and gives them customer analytics and a way to track return on investment.

“We want to prove that you don’t have to live in Silicon Valley to be a successful tech company. We want to show the world that Renfrew County is THE place to do business and we want to prove that a rural county can help produce a world-class tech startup. The RC100 investment will make this possible”. Shannon Ferguson, Co-Founder & CEO FanSaves.

The competition, which began in February of this year with 28 entries, officially ended today at the SRB Technologies Inc. RC100 Startup Reception held at the Pembroke & Area Airport.

“We are excited to be backing FanSaves” said Ray Bonenberg, Chair of Renfrew County CFDC’s Board of Directors. “The innovative software is impressive but even more so, the people who are behind its commercialization. Congratulations to all.”

 

About FanSaves

FanSaves is disrupting the way teams (including sports teams, organizations, towns and BIAs, e-sports, events, festivals, universities and colleges, and influencers) sell sponsorship and advertising by giving businesses who sponsor these entities a way to track their return on investment, as well as valuable customer data. Their app is the first platform that connects fans to multiple teams and their sponsors all in one place; activating their fan bases and encouraging them to spend money at the businesses that support their favourite or local teams. Incentivizing people with discounts and deals on the FanSaves app, not only helps them save money but also promotes shopping local, enhances tourism in areas that are on FanSaves and acts as a conduit to help inform people (whether they are from the area or out-of-town) of places they can eat, shop, stay or get services at.

Find out more at www.fansaves.com

About RC100

RC100 is supported by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and modelled after the successful N100, Northumberland’s CFDC’s open invitational technology startup competition. Delivered by Renfrew County CFDC in collaboration with L-SPARK, Startup Canada and Invest Ottawa, and through sponsorship by BDC, Algonquin College, City of Pembroke, Renfrew County Economic Development Department, MathWorks, Budgeto, SRB Technologies Inc. and powered by Reviewr, RC100 will enter its third year with a call for applications in January, 2020. Visit us online at www.rc100.ca.

About FedDev Ontario

FedDev Ontario actively works to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation and growth in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in businesses that are creating innovative technologies, improving their productivity, growing their revenues, and in the economic advancement of communities across the region. For more information, visit www.FedDevOntario.gc.ca.

 

Contacts

Renfrew County CFDC‘s Executive Director, Diane McKinnon at 613 431 3951 ext. 222 or diane.mckinnon@rccfdc.org

or

Renfrew County CFDC’s Loan Manager, Mike Thompson at 613 431 3951 ext. 223 or mike.thompson@rccfdc.org

Rural Innovation Initiative Information Sessions – May 29-30

information sessions

Following the launch of the Rural Innovation Initiative Eastern Ontario, come out to any of the three information sessions being held May 29-30, 2019 to learn more about the opportunity, who is eligible, what is eligible, and more.

Deadline for local applications is June 30, 2019.

Contact Kelley Lemenchick at 613-431-3951 ext. 229 or kelley.lemenchick@rccfdc.org for additional information.

RC100 IS BACK

 

RC100 2019

Are you ready to take your start-up to the next level???
Now accepting applications for RC100 2019!

To see if you/re business is eligible, go to WWW.RC100.CA

Deadline for Applications is April 30, 2019