Canada small business financing program

March 2009
Fabricare Canada;Mar/Apr2009, Vol. 53 Issue 2, p6
Trade Publication
The article reports on the provision of the Small Business Financing Act of 1999, which will reimburse 85% of a small business loan in the event of default in Canada. It indicates that the loan must be made through a financial institution such as a bank and credit union. It notes that the federal government is encouraging these institutions to make loans to small businesses. Moreover, it stresses the responsibility of the Industry Canada for the administration of the financing program.


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