• The Sector Inc

Interest-free Loans for Non-profits in Southern Ontario - FedDev Regional Relief and Recovery Fund

If your organization hasn’t been able to secure funding through existing COVID-19 government support programs, you could get financial relief from your local Regional Development Agency to help cover fixed operating costs.


We can help with you strategy & submission: info@thesectorinc.ca



Money


  • Maximum: $1 million interest-free

  • Non-repayable


Funding limits


  • Maximum term: 6 months (between March 15, 2020 and March 31, 2021)

  • You can combine money from this program with money from the Canada Emergency Wage Subsidy as long as you aren’t also using the RRRF to cover salaries and wages

You


  • Are a non-profit that provides support services to businesses

  • Are facing financial pressure due to COVID-19

  • Were a viable business prior to COVID-19


How it works

  1. Read the program website to see if you are eligible and for how much.

  2. Download and complete the Application for Funding. You’ll need to include some supporting documents, like financial statements for the last two years, interim financial statements, and incorporation documents. Make sure you’ve signed the Officer’s Certificate.

  3. Use the submit button in the online form and save a copy of the confirmation message.

  4. If successful, you’ll be asked to enter a Contribution Agreement.

  5. You’ll be paid either through a single advance, or for contributions greater than $100,000, two advances.

  6. Be prepared to submit a Final Report, including how the money was used, how it mitigated the impacts of COVID-19 on your business, the number of jobs created, and confirmation that you are still operational.


We can help with you strategy & submission: info@thesectorinc.ca


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info@thesectorinc.ca

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