Travel Consultants can now apply for Royal Caribbean’s new $ 40 million program for financial assistance.
The Pay It Forward program is designed to support travel agents hard hit by the slowdown in travel and is now accepting applications from travel agent owners.
The new program provides a $ 40 million pool to skilled travel agents who can apply for three-year interest-free loans of up to $ 250,000 to help focus their businesses on returning to growth.
Travel partners can seamlessly submit loan applications on this dedicated website, accessed through CruisingPower.com. The website provides additional information and everything a consultant needs to know, including additional program details and eligibility parameters.
“We know our travel agent friends are suffering too, and we will get through this difficult time together, as we always have,” said Richard Fain, chairman and CEO of the Royal Caribbean Group. “Our travel partners have stood by us for more than 50 years and we are determined to be there for them now. We will come to the other side of this challenging time together. “
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In March 2020 The Royal Caribbean Group launched RCL Cares as a travel agency support program to provide resources for travel professionals.
Who can apply?
To qualify for the Funds, the following is required:
- The applicant is the owner or an agent of the travel agency.
- The agency’s commission income at RCG was at least $ 4,000 for bookings made between July and December 2019. These minimum and eligibility requirements may vary by state.
Please note that travel agents in California, North Dakota, South Dakota, Vermont, and Washington, DC are not currently eligible to apply. However, Royal Caribbean is working to include these locations.
With the Small Business Administration reopening the Paycheck Protection Program (PPP) to provide additional federal funding to small businesses, we partnered with ACAP + The Loan Source to simplify PPP applications from travel agents. ACAP + The Loan Source specializes in simplifying the application process for PPP loans and forgiveness. Travel partners can start applying for a PPP loan Here with ACAP + The Loan Source at any time.
