The Province has made an additional $10 million in credit available through the Program as part of its COVID-19 response efforts to support small businesses, creating a new opportunity for our members experiencing financial uncertainty to access support.
New loans and lines of credit can be issued through the Program, with up to $100,000 of the funds being guaranteed to the lender by the Province until June 30th. In addition, businesses with existing loans under the Program are now eligible for up to a 90-day deferral on principle and interest payments.
You can find details on the small business loan program here.
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