The federal government is expanding its Canada Emergency Business Account to allow more companies to qualify for interest-free loans of as much as $40,000 and will launch a new rent-relief program for Canadian companies affected by the pandemic. >> COVID-19-related; Entrepreneurship
A $25-billion federal loan program for small business is ready to launch but the government and opposition parties are at odds over legislative plans to pass separate wage subsidies for businesses affected by the COVID-19 pandemic. The country’s largest banks will start taking applications for no-interest loans of up to $40,000 for small businesses starting on April 9, 2020.>> COVID-19-related.
The North Bay Skilled Newcomer Career Loan program (SNCL) program provides newcomers with the financial support and flexibility to explore jobs in their sector while highlighting both the skills and talents newcomers bring with them to new communities, and the systemic barriers newcomers face to labour market integration. >> Loans
Windmill Microlending, a microlender for newcomers to Canada, has received a $1 million investment from Hamilton Community Foundation. This investment will enable Windmill to offer 200+ loans, changing the lives of more than 200 internationally educated immigrants and refugees and their families. >> Loans
Windmill Microlending helps newcomers return to their careers in Canada with small, low-interest loans or zero-interest loans for refugees, which help pay for reaccreditation costs. >> Loans
Grassroots charity pledges $100,000 to help newcomers with interest-free loans to revive stalled careers. >> Loans
The odds seemed stacked against Karla Ogaro ever being a pharmacist again. >> Health care; Loans
A $10,000 microloan from what is now Windmill Microlending allowed a Thai newcomer to attend the required one-year Bridging for Internationally Educated Nurses certificate program at Mohawk College. >> Health care; Bridging; Loans