• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • RSS
  • Twitter
South Muskoka Doppler

South Muskoka Doppler

Read Local

  • Home
    • All Stories
    • Community Guidelines
  • COVID-19
  • News
  • Community
  • Commentary
    • Letters
  • Business
    • Professionally Speaking
  • Sports
  • Obituaries
  • Lifestyle
    • Entertainment
  • Events
    • Event Listings
    • Add Your Event
  • Speak Up, South Muskoka!
  • Subscribe
  • Donate
  • North Muskoka
  • Art Fx
You are here: Home / News / Muskoka Business Recovery Fund hands out $5.4 million in loans
Photo by Muskoka Futures

Muskoka Business Recovery Fund hands out $5.4 million in loans

By Media Release On July 25, 2022 News

Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

From the District of Muskoka:

The partnership between the District and Muskoka Futures through the Muskoka Business Recovery Fund was a critical response during the pandemic, ensuring important local jobs were maintained.   Recognizing that many businesses in Muskoka were unable to access various relief programs, the District provided a $750,000 loan to Muskoka Futures. Futures then leveraged the District’s investment to create a $5.4M relief loan fund, the largest program offered by any Community Futures organization in the Province.

“The unique partnership between Muskoka Futures and the District was critical to the program’s success,” said John Klinck, District Chair. “Working with our local Chambers of Commerce and Muskoka Futures we recognized how hard the pandemic was going to be on local businesses and acted quickly and collectively to put additional resources in place to help businesses through these unprecedented times.”

The Muskoka Business Recovery Fund was established at the outset of the pandemic to provide financial relief to businesses in Muskoka, targeting smaller businesses that were not eligible for many federal support programs.

Key Results of the Recovery

  • Number of Loans Disbursed – 148
  • Value of Disbursed Loans – $5,379,000
  • Average Loan Amount – $36,345
  • Job Impact – 773 jobs maintained
  • MBRF closed for applications as of June 30, 2021
  • Muskoka Futures is now in a position to repay the District loan of $750,000 in full 

“Muskoka Futures is proud that we were able to put in place substantial resources to help local businesses through a very difficult time.  The response from the business community was overwhelmingly positive as we processed applications and put funding in the hands of businesses quickly.  We are extremely proud of the resilience shown by our local businesses as we continue to see recovery. There are very positive signs that these loans helped businesses stabilize and then adapt to new models, positioning them for the future.”

While the last few months have seen recovery from the worst of the pandemic, Muskoka Futures and the District understand that post-pandemic recovery, inflation and the potential of a recession are weighing on business owners’ minds, continuing to create challenges.  They encourage any business to reach out to Muskoka Futures to explore the programs and services available to help them. 

Muskoka Futures is a local not-for-profit organization that supports businesses with investment and advice to create successful businesses in our community. If you are looking for investment regardless of stage or size, reach out to Muskoka Futures to see how they can help.  The goal is to encourage and empower entrepreneurs to succeed by offering flexible investments, along with advice that is unique to each business’s individual needs.

Don’t miss out on Doppler!

Sign up here to receive our email digest with links to our most recent stories.
Local news in your inbox three times per week!

Click here to support local news

Reader Interactions

Join the discussion:

Your email address will not be published. Required fields are marked *

All comments are moderated. Please ensure you include both your first and last name and abide by our community guidelines. Submissions that do not include the commenter's full name or that do not abide by our community guidelines will not be published.

Primary Sidebar

  • Recent Stories
  • Popular
  • July 18, 2022 3

    Councillor proposes Bracebridge-wide item swap weekends

  • August 6, 2022 3

    Is Muskoka going to the dogs?

  • August 8, 2022 2

    Muskoka Lakes considers indoor lighting restrictions

  • August 2, 2022 1

    Starter Company Plus Helps Small Businesses Start, Sustain and Grow

  • August 3, 2022 1

    Wayback Wednesday: KFC customers, Bracebridge

  • August 13, 2022 0

    Beaver Creek visitor charged with several offences

  • August 13, 2022 0

    Aspen Valley Wildlife Sanctuary seeks your support caring for wildlife in distress

  • August 13, 2022 0

    Letters: Tenuous taxi situation in Muskoka

  • August 12, 2022 0

     District passes accidental water leak policy

  • August 12, 2022 0

    Council considers basketball courts in Bala

  • 2021 Federal Election (1)
  • A Sponsored Profile (6)
  • Advertise (1)
  • Art Fx (13)
  • Breaking (2)

Footer

About Doppler

Established by a bunch of local news hounds, Doppler strives to be the go-to source for people wanting to know more about what is going on their community.

We strive to provide local news that is relevant and timely. We also look to tell local stories that inspire, inform and engage.

Notice the persistent use of the word local? Our mantra is local. South Muskoka Doppler serves the communities of Bracebridge, Gravenhurst and Muskoka Lakes with features on local people doing extraordinary things, local business spotlights, news and sports coverage, all supplemented by provocative opinion pieces on topics near and far. We are working hard for you.

Feel free to drop us a line at matt.driscoll@doppleronline.ca and tell us how we are doing, what you would like to see more of, or to just say ‘Hi’.

Thank you for reading Doppler.

South Muskoka Doppler – READ LOCAL
A division of C3 Digital Media Group Inc.

Bracebridge Ontario Canada
August 13, 2022, 11:18 pm
Mostly cloudy
Mostly cloudy
15°C
real feel: 15°C
current pressure: 1020 mb
humidity: 87%
wind speed: 0 m/s N
wind gusts: 1 m/s
UV-Index: 0
sunrise: 6:16 am
sunset: 8:28 pm
© 2022 AccuWeather, Inc.
 

Recent Comments

  • Jackson Triggs on Wakes, noise and speed: Lakes survey reflects growing frustrations
  • Robert Dyment on Graydon Smith faces charges laid by private citizen
  • brian sisler on One person dead, one injured in Bracebridge shooting
  • RJR on What on earth has happened to us? | Commentary
  • RJR on Is Muskoka going to the dogs?
  • Heather Boyce on Muskoka Lakes considers indoor lighting restrictions
  • Bob Braan on Muskoka Lakes considers indoor lighting restrictions
  • Bob Braan on Is Muskoka going to the dogs?

Copyright © 2022 ·Doppler Online, a division of C3 Digital Media Group Inc. · Log in
  • About
  • Support Local News
  • Advertise with us!
  • Community Guidelines
  • Contact