Ontario launches $1B loan program for steel, aluminum, auto sectors
The Ontario government is rolling out a $1-billion emergency loan program to help steel, aluminum and auto companies deal with the impact of U.S. tariffs.
The Ontario government is rolling out a $1-billion emergency loan program to help steel, aluminum and auto companies deal with the impact of U.S. tariffs, Finance Minister Peter Bethlenfalvy announced Wednesday.
The Protecting Ontario Financing Program will offer loans ranging from $250,000 to $40 million to qualifying companies that have already exhausted federal support programs and have at least 10 employees and $2 million in annual revenue.