What are the average business loan rates for government loans provided to small businesses?
The loans provided for small businesses by the Canadian federal government are structured in such a way to help small business owners flourish and achieve success as a business operation in our Canadian market economy. Through the loans program, the loan money provided are structured with a repayment interest rate that is affordable and economically possible for small businesses like yours. Specific loan rates of interest will be determined according to amounts of money borrowed, amount of time to complete repayment and other pertinent factors, including ability of the person to meet the repayment schedule and amounts that are identified as business loan rates for a particular loan.
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