COVID-19 Resources

In order to assist rural small businesses with the challenges and uncertainties associated with COVID-19, Community Futures has curated a roster of business-related resources and supports, available below. 

Virtual Office

Please Note:  Due to the COVID-19 Health directives and advisories, Community Futures North Okanagan’s offices are currently closed.  In order to help #FlattenTheCurve, CFNO staff are working to provide our small business supports, services, workshops and programs virtually.  We are happy to assist you remotely during regular office hours via phone, email or Zoom. As the COVID-19 situation evolves, we will reassess and provide updates as they become available.  Stay safe & healthy.

COVID-19 Business Supports from Community Futures (RRRF)

On April 17, 2020, the Government of Canada announced the Regional Relief and Recovery Funds (RRRF). With nearly $1 Billion committed to support affected businesses and communities, the RRRF will help to:

  • Mitigate the financial pressure experienced by businesses and organizations to allow them to continue their operations, including paying their empoyees
  • Support projects by businesses, organizations, and communities to prepare now for a successful recovery 

If repaid before December 31, 2022:

  • No interest or principal payments
  • If 75% of loan is repaid, the remainder of the loan is forgiven (up to $10,000 based on loan amount of $40,000, and will be considered taxable income)
  • No prepayment penalties

If repaid after January 1, 2023

  • Beginning of blended principal and interest payments (fixed interest rate 5%)
  • No prepayment penalties

More details on the RRRF small business supports and how to access them can be found here:

RRRF Application

WD RRRF Release

Community Futures Pan West RRRF Release

Community Futures RRRF Factsheet

Other COVID-19 Business-Related Supports & Resources

Federal Government resources:

Canada’s COVID-19 Economic Response Plan

General information on COVID-19

Regional Relief and Recovery Fund

Supports for businesses and industries

BC Provincial Government resources:

*COVID-19 & Returning to Safe Operations – WorkSafeBC

WorkBC Wage Subsidy

BC’s Four-Stage Restart Plan

COVID-19: Financial Supports for Small Businesses in B.C.

COVID-19 Sale Tax Changes

General COVID-19 Provincial Support and Information

Go Forward Checklist

Public Health Authority in BC

Other resources:

Thompson Okanagan Tourism Micro Loan Program

BC Chamber of Commerce

BC ECONOMIC DEVELOPMENT ASSOCIATION

BDC Co-Lending Program

Canadian Business Resilience Network

Canadian Federation of Independent Business

Canadian Mental Health Association

Greater Vancouver Board of Trade

Small Business and COVID-19 Safety- WorkSafeBC

Small Business BC

Resources For Nonprofits- TechSoup

Women’s Enterprise Centre