Royal Caribbean Group’s $ 40 million loan program open for applications
Royal Caribbean Group‘s (RCL) “Pay nextThe $ 40 million travel counselor program is now open for applications. Just before the holidays, RCL announced the program, which would make up to $ 250,000 available per branch in three-year interest-free commercial loans, depending on their circumstances.
Now the company has shared more light on what advisors can expect.
As part of the second phase of RCL cares (a program created to help travel professionals to we, Puerto Rico and US territories facing the negative impact of the pandemic), Royal Caribbean Group has launched a dedicated platform where owners of eligible travel agencies can apply for financial support from Royal Caribbean. Travel partners can submit loan requests on this site accessible via CruisingPower.com. The site provides additional information and everything advisers need to know, including additional details about the program and eligibility settings.
To be eligible, you must:
- The applicant must be the owner or an authorized representative of the travel agency
- Agency commission income with Royal Caribbean Group was at least $ 4,000 for bookings made between July and December 2019 (these minimums and eligibility requirements may vary by state)
Note: Travel agencies from California, North Dakota, South Dakota, Vermont and Washington DC are currently not eligible to apply, but RCL says it is working to expand availability at these locations.
“COVID-19[female[feminineThe effects of on the travel partners’ businesses have been debilitating, and we want to do what we can to help them rebuild and recover, ”RCL said in a statement.
Moreover, in light of the Small business management the reopening of Paycheque Protection Program (PPP) To make additional federal funding available to small businesses, Royal Caribbean Group has partnered with ACAP + The Loan Source to help facilitate PPP requests from travel counselors. ACAP + The Loan Source specializes in facilitating the PPP loan application and remission processes. Travel partners can start their PPP loan application here with ACAP + The Loan Source at any time.