May 19 Finance Chat

We’ll succeed if we band together through the COVID crisis and recession. Don’t struggle alone. We’re bringing the community together through free webinars / Q&A sessions with our team and other experts. Here are the details for how to join: Quaranteam HR and Finance Chats

Here are the updates from the latest webinar.

2020-May-19 Finance Quaranteam Chat

Download the slides HERE

Highlights

BDC Co-Lending Program finalized

  • What:
    • Revenues under $1 million: eligible for loans up to $312,500
    • Revenues from $1 million to $50 million: eligible for loans up to $3.125 million
    • Revenues greater than $50 million: eligible for loans up to $6.25 million
  • Who: For-profit businesses affected by COVID
  • How to apply:
    • Prepare all the usual stuff for applying for a loan
    • Apply via Online banking CIBC
    • Apply with your banker: RBC, TD, BMO, Scotia, Vancity

As mentioned by Raymond in the webinar: https://about.hockeystick.co/active-funders-canada

Positive News

Stock markets elated by the good news

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