FOR IMMEDIATE RELEASE – March 27, 2020
TRAIL, BC Community Futures Greater Trail (CFGT), serving Rossland, Warfield, Trail, Montrose, Fruitvale and RDKB Areas A and B, is taking steps to help small businesses and entrepreneurs deal with the impacts of this pandemic.
A new emergency business loan program is now being offered by CFGT for the next four months. Loans at a reduced interest rate of 2.5% are available for existing businesses currently operating in the Greater Trail / South Kootenay region. Loans up to $10,000 receive faster approval, and flexible payment terms are also available. Loans applications require businesses to submit their most recent financial statements. Complete details on the application process can be found here: https://www.communityfutures.com/financing/applying-for-loans/ .
Please email CFGT’s Loan Manager, Tamara Rotach for more information firstname.lastname@example.org
In partnership with Lower Columbia Initiatives Corporation (LCIC) and the Trail and District Chamber of Commerce, CFGT is hosting weekly South Kootenay COVID-19 Business Virtual Roundtable meetings via Zoom video conference during this COVID-19 pandemic to support businesses and residents. All local businesses and stakeholders are invited to join this virtual round table. This forum will allow the three organizations to hear local business concerns to understand and communicate what is happening in our region, as well as share relevant information, facilitate dialog, explore collaboration opportunities and tactics for recovery.
The Zoom meetings will take place weekly on Tuesdays at 01:00 PM Pacific Time starting March 31st. Participants are required to register in advance for this meeting: https://bit.ly/2ycGprh
After registering, a confirmation email containing information about joining the meeting will be forwarded.
With the sudden arrival of this pandemic and resulting closures, business owners are grappling with difficult HR decisions, cash flow challenges, and moving their business online. The Basin Business Advisors, a team of knowledgeable business advisors located throughout the Columbia Basin, are available for free one-to-one business advice. Business owners can consult with an advisor and develop a plan specific to their business that will help them weather this pandemic. For more, please visit https://bbaprogram.ca/
Community Futures is a community driven organization with a team of business savvy individuals guided by a volunteer board of directors. We work with entrepreneurs, businesses and community partners. We help our communities become more entrepreneurial by providing access to capital through business loans, advisory and training services, and through community economic development initiatives. We serve the residents of Trail, Rossland, Warfield, Genelle, Montrose, Fruitvale and Areas A & B of Kootenay Boundary Regional District, and partner with various provincial, federal, and local agencies to deliver socioeconomic services.