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.
$12M project at the Curling westside reservoir will pave the way for 300 new houses
Seven young women from the west coast awarded scholarships
Government calls for Early Childhood Educator Steering Committee to be formed
Over $35M announced for 10 water and sewer projects on the west coast, including $12M for Curling reservoir
Woman dies from injuries after a single vehicle crash near Bonavista Thursday night
