Journey advisors can now apply for Royal Caribbean’s new $40 million program for monetary assist.
The “Pay It Ahead” program is designed to assist journey advisors hit arduous by the slowdown in journey and are now taking functions by journey agent homeowners.
The brand new program makes a $40 million pool of funds out there to qualifying journey advisors, who can apply for three-year, interest-free loans of as much as $250,000 to maintain their companies centered on a return to development.
Journey companions can seamlessly submit mortgage functions on this devoted website accessible via CruisingPower.com. The location gives further data and all the things advisors must know, together with further program particulars and eligibility parameters.
“We all know our journey advisor pals are struggling, too, and we’ll get via this powerful interval collectively, simply as we at all times have,” stated Richard Fain, Royal Caribbean Group’s chairman and CEO. “Our journey companions have stood sturdy beside us for greater than 50 years, and we’re decided to be there for them now. We’re going to get to the opposite facet of this difficult time collectively.”
Learn extra: 10 Secrets Royal Caribbean travel agents wish you knew
In March 2020, Royal Caribbean Group launched RCL Cares as a journey agent assist program to offer sources for journey professionals.
Who can apply?
To qualify for the funds, it is required that:
- The applicant be the proprietor or a licensed consultant of the journey company.
- Company fee earnings with RCG have been not less than $4,000 for bookings that sailed between July – December 2019. These minimums and eligibility necessities could fluctuate by state.
Please notice that journey companies in California, North Dakota, South Dakota, Vermont, and Washington, D.C. will not be presently eligible to use, however Royal Caribbean is working to get these areas included.
As well as, in mild of the Small Enterprise Administration reopening the Paycheck Safety Program (PPP) to make further federal funding out there to small companies, we’ve teamed up with ACAP + The Mortgage Supply to assist facilitate journey advisors PPP functions. ACAP + The Mortgage Supply makes a speciality of serving to to ease the appliance processes for PPP loans and forgiveness. Journey companions can start their PPP mortgage software here with ACAP + The Mortgage Supply at any time.
