Globe & Mail: 'The federal government says it will forgive up to half of the value of loans given to Indigenous entrepreneurs through a pandemic emergency fund.
'The Indigenous Business Initiative was launched in the spring of 2020 to provide emergency, interest-free loans of up to $60,000 to Indigenous-owned businesses. The program was modelled after the Canada Emergency Business Account (CEBA), the government’s main emergency loan fund.
'Like CEBA, up to a third of the COVID-Indigenous Business Initiative loan did not have to be repaid. Unlike CEBA, which was run through Canada’s major banks, the Indigenous loans were administered by the National Aboriginal Capital Corporations Association (NACCA) and the Métis Capital Corporations.'
Are you a struggling business? Well, if you want any sympathy from Ottawa, you're going to have to do a DNA test.
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