By Lethbridge Herald on December 11, 2020.
Small businesses in Lethbridge who are impacted by the COVID-19 pandemic can now access additional financial relief and recovery support.
Community Futures Lethbridge will begin offering tailored small business loans as part of the Government of Canada’s Regional Relief and Recovery Fund. These partially forgivable loans ensure that rural businesses, that do not qualify for other federal business support programs, receive help and support as a result of this crisis.
The funding is part of an announced $95.7 million for the Community Futures Pan West Network, for rural and remote businesses in Western Canada that do not qualify for other federal business support programs such as the Canada Emergency Business Account (CEBA) or Business Credit Availability Program (BCAP).
Small- and medium-sized businesses can apply for loans of up to $40,000.