Monday, November 15, 2021
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Community Futures Lethbridge offers tailored loans to small businesses impacted by COVID-19

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LETHBRIDGE, AB – Small businesses in Lethbridge impacted by the COVID-19 pandemic can now access additional financial relief and recovery support. Community Futures Lethbridge 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 Darlene Sinclair, Executive Director of Community Futures. “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).

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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.

(From Community Futures Lethbridge)

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Patrick Siedlecki

Pat has been a mainstay in the CJOC News department from the time the station launched in 2007. He’s been in the position of News Director since then and has been anchoring daily news casts as well as reporting and working behind the scenes.

Community is important to him and keeping CJOC listeners and readers informed about what’s happening across southern Alberta and beyond.

Pat has been in radio broadcasting for the past 24 years, starting in Port Alberni on Vancouver Island in 1997 and then moving up island to Nanaimo for another few years before heading to Lethbridge in 2007.

Pat grew up in the small Saskatchewan farming town of Foam Lake. After high school, he went to Western Academy Broadcasting College (WABC) in Saskatoon prior to moving to the island.

Pat also spent several years broadcasting hockey in the BCHL as well as seven years as the radio voice of the Lethbridge Hurricanes in the WHL.

Pat has been working at Cornerstone Funeral Home in Lethbridge as a Certified Life Celebrant and Funeral Assistant since 2016.

News and sports have always been Pat’s passion from the time he was a teenager and he’s always been grateful to have had the opportunity to make that part of what’s been a fun and long radio career!

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