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.
Xplore's $300M project will bring fibre to the home to 280 rural communities or 25,000 residents
Corner Brook Garbage Bylaw to be amended at next public meeting for rollout of new automated collection
Submissions are being accepted for the Arts and Letters Awards Program until November 19th
Woman found dead inside submerged vehicle in the ocean near the New World island causeway last night
47 year old man clocked doing 164 km/hr in a 100 zone on the TCH near Gallants
