Applications open for Royal Caribbean Group's $40m 'Pay It Forward'

As part of the second phase of RCL Cares, the company launched a dedicated platform where qualifying travel agency business owners can apply for financial support from Royal Caribbean.

One-stop shop

Travel partners submit loan applications on this dedicated site accessible through CruisingPower.com. The site provides additional information and everything advisors need to know, including additional program details and eligibility parameters.

Announced in December, 'Pay It Forward' is designed to provide funds to the travel advisor community in the form of three-year, interest-free business loans. Recognizing that COVID-19’s effects on travel partners’ businesses have been debilitating, the company said it wants to do what it can to help them rebuild and recover.

Plus, help with PPP applications

In addition, in light of the Small Business Administration reopening the Paycheck Protection Program (PPP) to make additional federal funding available to small businesses, Royal Caribbean Group teamed up with ACAP + The Loan Source to help facilitate travel advisors' PPP applications. ACAP + The Loan Source specializes in helping ease the application processes for PPP loans and forgiveness.

Travel partners can begin their PPP loan application here with ACAP + The Loan Source at any time.