From May 2020 to June 2021, Community Futures helped more than 1,700 rural Alberta businesses with $85 million in liquidity assistance through the rural stream of the RRRF. Community Futures processed 2,800 RRRF loans to their business network. These loans helped rural firms that urgently needed financial help to keep their businesses open. Thanks in part to Community Futures support, many local businesses that might have failed during the pandemic are still in business today.
Community Futures in Alberta were able to:
- disburse over $85 million in loans
- support over 1,700 businesses
- help support over 9,500 jobs
Read the article here: https://www.canada.ca/en/prairies-economic-development/campaigns/success-stories/alberta/rural-businesses-support-community-futures-covid-19-pandemic.html
Check out the success video here: https://www.youtube.com/watch?v=Ewv1ir5avyI