The Small Business Loan Guarantee Pilot Program will provide loan guarantees for term loans issued by credit unions under their existing loan programs.
Government and credit unions throughout the province are partnering to offer a new two-year pilot project to assist small businesses with growth and expansion. The Small Business Loan Guarantee Pilot Program will provide loan guarantees for term loans issued by credit unions under their existing loan programs. Government will issue guarantees up to $5 million in total for the duration of the program. Program details, eligibility requirements and information on the application process are available at all credit unions in Newfoundland and Labrador.
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