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.
RNC training taking place in Corner Brook this weekend on West Valley Road, signage will be in place
Police find more than a kilogram of cocaine at a Deer Lake home, one man and two youth arrested
Police are looking for a snowmobile stolen from Stephenville
Bay of Islands Volunteer Search and Rescue putting a pause on new members to allow time to train
A convicted murderer from Corner Brook gets day parole
