government funding

COVID-19 Support

Regional Relief and Recovery Fund Program

Small businesses are at the heart of our economy and are vital to our communities.

Community Futures Huron (CFHuron) is a federally supported not-for-profit Community Futures Development Corporation with a volunteer Board of Directors and professional staff whose purpose is to support community economic development and small business growth through business loans.

The Regional Relief and Recovery Fund (RRRF) 2.0 is a new program offered through FedDev Ontario and Community Futures Ontario to provide financial assistance to small and medium-sized businesses impacted by the COVID-19 pandemic and who are unable to access the Government of Canada’s existing relief measures.

This RRRF financing is to support small enterprises including social enterprises that are unable to access federal and provincial relief funding programs, or unable to obtain a loan/credit from traditional financial institutions, and that are struggling with working capital needs. 

The COVID-19 pandemic has resulted in uncertainty and anxiety for businesses and their employees. We are here to help.

Effective immediately Community Futures Huron is accepting applications for RRRF interest-free business loans up to $40,000.

The following are the guidelines to be utilized in the review of applications for the RRRF:

  • Maximum assistance for the Emergency Loan Fund under this program is $40,000* (* credit check is required).
  • 0% interest rate and no principal payments until March 31, 2023.
  • Principal repayments can be voluntarily made at any time.
  • 25% (not to exceed $10,000) of any loan can be forgiven provided the recipient has paid 75% of the original loan amount prior to March 31, 2023.
  • If the recipient is unable to repay the loan by March 31, 2023, the loan will be converted to a three-year term loan with interest rates up to 5%, effective April 1, 2023. The full balance must be repaid no later than March 31, 2026.
  • No application deadline, applications will be accepted until funding pool is depleted.

Eligible Applicants must meet these following requirements:

  • Established prior to March 1, 2020.
  • Impacted adversely due to COVID-19 pandemic.
  • Viable and not experiencing financial pressures or other financial difficulties prior to March 1, 2020.
  • Have attempted to access other federal or provincial relief supports and were ineligible, rejected or require funding for expenses in excess of support already received with priority given to applicants who were ineligible or rejected from other federal and provincial relief supports.
  • Sign an owner’s personal guarantee.
  • Complete the loan application and provide personal financial statement, 2019 business financial statements (in-house financial statements are acceptable if you have not filed), first quarter financial statements (January to March 2020).
  • Corporate and Personal Income Tax filing is up to date.
  • Provide a copy of the Master Business Licence or Incorporation papers.

What happens once a loan is approved?

  1. Loan Agreement and documentation is prepared and provided to you for review and signature.
  2. Following receipt of executed loan agreement and documentation, the loan will be advanced.

You will need to make the following Attestation:

I attest that my business was ineligible for or rejected by, or still experiencing ongoing liquidity pressures despite accessing other measures, including but not limited to:

  • Business Credit Availability Program (BCAP);
  • Canadian Emergency Business Account (CEBA);
  • Canadian Emergency Commercial Rent Assistance (CECRA), or other rent relief provided through our organization’s landlord;
  • Canada Emergency Wage Subsidy (CEWS);
  • Canada Revenue Agency (CRA) Temporary 10% Wage Subsidy;
  • Service Canada Work-sharing program;
  • National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) Wage Subsidy;
  • Indigenous Business Support Loans;
  • Business Development Bank of Canada (BDC) Co-Lending Program for Small Businesses; or
  • Other federal or provincial programs,

Further, I attest that I have not  received support from, the Regional Relief and Recovery Funds (RRRF) as administered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), or any other Regional Development Agency (RDA) in Canada.

Next steps?

For more about the Regional Relief and Recovery Fund and how to apply, contact Paul Nichol, General Manager, today! Email pnichol@cfhuron.ca or call 226-889-8256 ext. 223.

Apply Online Here!


  1. FedDev Ontario is also offering funding through the RRRF program. Eligible businesses can make ONE application to the RRRF, either through the Community Futures Program (Community Futures Huron) OR through FedDev Ontario, NOT BOTH.
  2. If you received RRRF funding from CFHuron from the first round of funding, you can apply again, but only up to a max of $40,000 for the combined RRRF loans.

Government Support for Canadians & businesses

Resources for Re-opening

Public Health Agency of Canada advice on public health measures for workplaces

In addition, the following links are to specific resources for businesses to support their reopening:

The Government of Canada is taking action to help businesses facing hardship as a result of the COVID-19 outbreak. Read the full plan here.

What does this mean for businesses?

The Government will provide up to $27 billion in direct support to Canadian workers and businesses. These measures are being implemented in an effort to help stabilize the economy. There will be income support, flexibility for taxpayers, mortgage default management tools, among others, to help Canadians.

Here are the links to supports for business owners and their employees…HERE

Canadian Emergency Wage Subsidy (CEWS) Program: will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus. For more information about this and other programs designed to support Canadian Business Check out this link: Canada’s COVID-19 Economic Response Plan.

On Thursday, April 16, the Prime Minister announced that the CEBA program will now be available to businesses with payrolls worth between $20,000 and $1.5 million. Up to $10,000 of the loan is non-repayable. Previously, the interest-free loan was for those with payrolls between $50,000 and $1 million.

Canada Emergency Commercial Rent Assistance (CECRA) Program: The program will seek to provide loans, including forgivable loans, to commercial property owners who in turn will lower or forgo the rent of small businesses for the months of April (retroactive), May, and June. Implementation of the program will require a partnership between the federal government and provincial and territorial governments.

Canadian Emergency Wage Subsidy (CEWS) Program: Businesses still unable to access CEWS funding may still be eligible for the originally announced 10% wage subsidy, which has much broader criteria and no specific application process. Details on the subsidy can be found here.

The CRA will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.

The Business Credit Availability Program (BCAP) will allow the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) to provide more than $10 billion of additional support, largely targeted to small and medium-sized businesses. For information on this program go here.

Additional Support for Canadian Businesses from the Economic Impact of COVID-19: The Government of Canada is making additional investments to support Canadian businesses from the economic impacts of COVID-19. These new investments provide support to financial institutions and allow them to quickly provide credit and liquidity options for a range of businesses.

These measures are a part of the Government of Canada’s COVID-19 Economic Response Plan, which provides direct support and tax deferrals to Canadian workers and businesses to help them in these difficult times.

For further info, please visit: https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses-from-the-economic-impact-of-covid-19.html

Huron County Economic Development

Visit Huron County Economic Development for complete and up-to-date Huron County COVID-19 resources for small businesses. Please visit: https://www.huroncounty.ca/economic-development/

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