Royal Caribbean Group Opens Applications for Travel Agent Loan Program


The Royal Caribbean Group’s US $ 40 million Pay it Forward loan program for travel agents is now open to application.

As part of the second phase of RCL Cares, the program has its own platform CruisingPower.comWhere qualified travel agency business owners can apply for financial assistance. The website offers additional information and authorization parameters.

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Announced in December, “Pay it Forward” offers interest-free business loans with a term of three years. “COVID-19The impact on the business of the travel partner was debilitatingand we want to do what we can to help them rebuild and restore, ”the company said.

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With the Small Business Administration reopening the Paycheck Protection Program (PPP) to provide additional federal funding to small businesses, the Royal Caribbean Group has partnered with ACAP + The Loan Source – an organization specializing in the PPP process – to help help travel agents apply for PPP loans. ACAP + The Loan Source specializes in simplifying the PPP loan application and forgiveness process. Travel partners can start the PPP loan application by Click here.

To qualify for a Pay It Forward program, applicants must be the owner or agent of the travel agent. In addition, the agencies with Royal Caribbean Group’s brands must have commission income of at least $ 4,000 for bookings made between July and December 2019. These minimum and eligibility requirements may vary by state.

Travel agents in California, North Dakota, South Dakota, Vermont, and Washington DC are not currently eligible to apply. However, the company is working to expand availability to these locations.

“As we continue this pandemic together, one important factor comes to the fore – our partnership is stronger than ever! Let’s get to the other side together! “According to a notice to travel agents signed by Vicki Freed, senior vice president of sales and commercial support for Royal Caribbean International;; Dondra Ritzenthaler, Senior Vice President Sales and Trade Support for Celebrity cruises;; Mark Conroy, general manager for America Silversea Cruises;; and Nils Lindstad, vice president of sales and commercial support for Azamara.

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