Maximum loans will be fully guaranteed by the Government of Newfoundland and Labrador and will have a repayment term of up to 10 years.
Government has launched a new program targeted toward businesses operating full-service restaurants that require emergency debt restructuring to protect long-term operation. The Restaurant Loan Guarantee Program will offer loan guarantees up to $100,000 to financial institutions that lend to qualifying businesses. Maximum loans will be fully guaranteed by the Government of Newfoundland and Labrador and will have a repayment term of up to 10 years. Interested businesses must submit an application within 90 days that demonstrates their eligibility for the program and provides a proposal for debt restructuring. Applications will be reviewed on a first-come, first-served basis or until $10 million in guarantees have been issued, whichever comes first. More information can be found at gov.nl.ca.
Wind and rainfall warnings continue for most of NL
Corner Brook woman runs from RCMP, gets caught hiding with cocaine and weapons
Two major projects on O'Connell Drive have wrapped up, traffic delays are done
New Ministers set to give speeches at events today in the capital city
Atlantic Women in Law Enforcement Conference is taking place in the capital city
