Which government program guarantees repayment of bank loans given to small business?
A) Business Development Bank of Canada
B) Toronto Stock Exchange
C) Canada Small Business Financing Program
D) Small Business Investment Company Program

Question

Quizplus · Accepted Answer

The Canada Small Business Financing Program (CSBFP) is a government program that guarantees repayment of bank loans given to small businesses. This ensures that lenders are more willing to lend to small businesses, as the government guarantees a portion of the loan. The program is administered by the Business Development Bank of Canada (BDC) in partnership with financial institutions. The other options listed do not provide loan guarantees for small businesses.

Which Government Program Guarantees Repayment of Bank Loans Given to Small