Royal Caribbean Offers Loans to Keep Travel Agents Afloat

Royal Caribbean Offers Loans to Keep Travel Agents Afloat

Major cruise company Royal Caribbean Group (NYSE: RCL) announced today it is creating a $40 million fund to provide loans to travel agents struggling with the COVID-19 pandemic and its economic aftershocks. Each advisor or agency meeting the qualifications Royal Caribbean sets will be able to ask for up to $250,000 from the cruise company's fund. The loans need to be repaid over a period of three years and will be interest-free.