Apply Now – Regional Relief and Recovery Fund (RRRF)

COVID-19 INFORMATION

Community Futures West Yellowhead staff are working and able to assist you.  Our office is open to the public and we are practicing recommended physical distancing measures. Our preference is to continue to offer our services virtually for a little while longer.  If you need an in-person meeting, please make an appointment.  You will be expected to wear a mask and practice good handwashing in our office.

If you would like to speak to a staff member about our programs and services, contact our office at (780) 865-1224, or use the ‘Book A Virtual Appointment’ link above to make an appointment.

Latest news

New Safety Measures for Our Clients

Our doors are currently open by appointment only, but we're always here to help you and your business with special loan programs, advice and support.

Appointments
Please call (403) 223-2984 or visit chinook.albertacf.com/appointment to book a virtual appointment with our Business Analyst, following which we will determine if / when you will be required to come in to the office to sign any paperwork or exchange specific documents.

New Safety Measures
Rest assured we have implemented a number of new safety measures to limit the spread of the coronavirus, for both client and staff well-being. We have installed a plexi-glass counter shield and frequently disinfect high-touch surfaces, including door handles, countertops, and writing tools.

We are asking all clients to adhere to these measures for their safety:

  • Please knock on the left door and we will come to meet you.
  • If you are feeling ill or have been in contact with someone with COVID-19 please do not enter the building, and re-book your appointment.
  • Upon entering please use the hand sanitizer provided.
  • Remain 2 metres apart at all times from staff, and do not go beyond the front counter area we have cordoned off.
  • For your convenience we are providing unused pens (which you can choose to keep) when signing paperwork.

We appreciate your cooperation and understanding during this time and hope you are doing well. Don't hesitate to reach out.

Community Futures Chinook
5324 48 Avenue, Taber, AB
phone: 223-2984

email: chinookatalbertacf.com

Community Futures Boosts Financial Relief for Local Businesses


Taber – 25th May 2020 Small businesses in Southern Alberta impacted by COVID-19 pandemic can now access additional financial relief and recovery support. Community Futures Chinook will begin offering tailored small business loans as part of the Government of Canada’s Regional Relief and Recovery Fund. These partially forgivable loans ensure that rural businesses, that do not qualify for other federal business support programs, receive help and support as a result of this crisis.

“As the impacts of COVID-19 continue to mount, more and more local businesses are falling through the cracks,” said Sean Blewett, General Manager of Community Futures Chinook. “These urgent calls for support have reached across the province and our Western network, and we are pleased that the voices of local businesses have been heard.” 

The funding is part of an announced $95.7 million for the Community Futures Pan West Network, for rural and remote businesses in Western Canada that do not qualify for other federal business support programs such as the Canada Emergency Business Account (CEBA) or Business Credit Availability Program (BCAP).

Small- and medium-sized businesses can apply for loans of up to $40,000 with terms that include:
• No interest accrual or principal payments through December 31, 2022.
• If 75% of the loan is repaid by December 31, 2022, the remainder of the loan is forgiven. 
• Blended principal and interest payments beginning January 1, 2023 and loans must be repaid by  December 31, 2025. 
• No prepayment penalties. 

For more information visit:  http://chinook.albertacf.com/rrrf-chinook

Media contact:
Sean Prummel
403-223-2984
sprummelatalbertacf.com

About Community Futures in Alberta
Alberta’s 27 Community Futures organizations are independent, locally run and guided by volunteer boards. Each Community Futures office provides flexible and affordable small business loans, business coaching/training services and business management tools for people wanting to start, expand, franchise or sell a rural business. Community Futures is funded by the Government of Canada through Western Economic Diversification Canada and has been supporting rural entrepreneurs for over 30 years.

COVID-19 Loan Assistance Programs (RRRF)


Several weeks ago, Prime Minister Trudeau announced that funds were to be made available to Community Futures offices across Western Canada to assist businesses who did not qualify for assistance under the previously announced CEBA program. Like the CEBA program, the CF Regional Relief and Recovery Fund (RRRF) would have a maximum of $40,000, would be interest and payment free to Dec 31, 2022, and would have a forgivable amount of up to $10,000.

On May 19 Prime Minister Trudeau announced an easing of the qualifications for the CEBA program to make it more widely available to businesses that did not previously qualify.

A prerequisite for the Regional Relief and Recovery Fund (RRRF) program being administered by Community Futures offices is that the business needs to have applied for and been declined under the federal CEBA program, including under the eased qualifications announced May 19.

Should you be declined under the CEBA program and wish to apply under the Community Futures RRRF program, an application portal will be available by May 29, 2020 at the following:

If you require further information, please contact us.

Community Futures Chinook, Taber
Phone: (403) 223-2984
Email: sprummelatalbertacf.com (subject: Applying%20for%20RRF)

Download a PDF version of the above information here.

COVID-19 Resources for Employers and Workers

Please find below, links to resources you may find useful at this time.

GOVERNMENT OF CANADA RESOURCES

GOVERNMENT OF ALBERTA RESOURCES

OTHER RESOURCES

COVID-19 Important Notice

As COVID-19 continues to impact our communities, Community Futures Chinook is taking every precaution to safeguard the health and safety of our team members and clients. To this end, we will not be facilitating any in-person meetings, training and/or workshops until further notice. 

Please know that our team remains committed to providing support to our business community and if you require assistance, we are available by phone or email (during regular business hours). By taking these measures we are hoping to limit the spread of this virus in our Community. Thank you for your understanding.

Contact us at (403) 223-2984 or by email: Chinookatalbertacf.com

 

 

Should You Buy or Lease Your Commercial Space?

One of the trickier decisions many entrepreneurs face is choosing between buying or leasing their place of business.

There are advantages and disadvantages to both options, and the decision requires lots of analysis and planning. Here are some considerations to help you understand what you’re getting into with each option. Weighing them effectively will help you navigate this delicate decision to your business’s best advantage.

Watch this video: https://youtu.be/tDWVNl7OvMg

Taber Beautification Program

The Town of Taber and Municipal District of Taber, along with Community Futures Chinook is pleased to offer businesses in the M.D. of Taber boundaries this opportunity to receive a beautifcation loan and grant to enhance the appearance of a business.

Businesses may be eligible to receive an interest free loan up to a maxium of $8,000 along with a grant up to a maxium of $2,000.

Contact Community Futures Chinook at (403) 223-2984 or 1 (888) 223-3330 to apply and receive the complete program guidelines. Ask for Sean.

 

 

Interested in Becoming a Board Member?

Community Futures Chinook is a community driven, non-profit organization staffed by business professionals and guided by a volunteer Board of Directors.  We provide a wide range of small business services and business management tools for people wanting to start, expand, franchise or sell a business.  A Board member has the responsibilities of: governing; formulating policies enabling the board to make responsible decisions on fiscal and business matters and establishing the purpose and vision of the organization.
 
Qualifications
To be eligible, you should have leadership experience and strong financial literacy.  Past experience with Board governance, not-for-profit organizational structures would be an asset however training will be provided.  Preference will be given to those who have demonstrated expertise in financial management, commercial banking or strong community involvement.
 
This is an unpaid volunteer position however costs such as travel will be covered.
 
To apply, please forward a resume or for any further questions, please contact the General Manager, Sean Blewett at sblewettatalbertacf.com.
 
 
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Community Futures Chinook
5324 48 Ave.
Taber, AB T1G 1S2

403-223-2984
888-223-3330

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Communities Served

Barnwell, 
Coutts, 
Cranford, 
Enchant, 
Grassy Lake, 
Hays, 
Milk River, 
New Dayton, 
Purple Springs, 
Rainier, 
Scandia, 
Skiff, 
Taber, 
Vauxhall, 
Warner, 
Wrentham, 

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