Regional Relief and Recovery Fund (RRRF)-PDC
The FRRR CFP is the part 2 of the FRRR, delivered by the SADC (Sociétés d’aide au développement des collectivités) and CAE (Centres d’aide aux entreprises) of Quebec is now completed.
At this time, we have no indication of further injections into this fund.
At CAE Capital, in two months, we received 259 requests for information. 182 applications were processed, and 31 projects were approved for a total of nearly $ 1 million invested in the stabilization of businesses in the region.
“The entire CAE Capital team has put their shoulders to the wheel to help as many businesses as possible in a very short period. We are so happy that we were able to help make a difference during this difficult time.” Nathalie Dubord Executive Director CAE Capital
Companies had to submit a complete project. Demonstrate their financial needs, which must necessarily be related to Covid-19. Have been profitable before the pandemic and have post-Covid repayment capacity. Unfortunately, several of the companies that made the request did not meet one or more of these criteria.