Go to content
Beatmix

Listen Live

Beatmix

On air uptil 11:59 PM

ScheduleRecently played
Lifestyle

Montreal announces $50 million in emergency loans for small and medium-sized businesses

| Updated on janvier 21, 2021 at 12:28

Montreal announces $50 million in emergency loans for small and medium-sized businesses
/ Nora Carol Photography / Moment / Getty Images

The City of Montreal announced that it will invest an additional $50 million to medium and small businesses that are struggling to survive during the second wave of the COVID-19 pandemic.

This follows the $70 million the city received from the Quebec government in 2020, which the city says was "practically exhausted at the end of the year."

According to CTV News, non-essential businesses that have been forced to close down during the second wave can now apply for a loan up to a maximum of $50,000.

The city is also granting a four-month freeze on principle interest on top of the three-month moratorium already in place.

We recommend visiting the PME MTL website, for more information.

Subscribe to our newletter!Subscribe to our newletter!
By subscribing, I agree to receive communications by email from Cogeco Média and its affiliates, including news, updates, activities and contests. You can unsubscribe at any time by using the link at the bottom of our emails or contacting us via our Privacy Policy. Please note, however, that we may still continue to send you service-related and other non-commercial communications. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Streaming will resume following advertisement.
Beatmix
Live
Beatmix
On air uptil 00:00