Are there repercussions for defaulting on Canada govt small business loans?
If your small business has applied for and received money from the Canadian govt small business loans, you will have signed an agreement with them. This govt agreement indicates you will meet their conditions and terms of repayment. Refusing to repay a loan or being unable to do so can have different consequences, depending upon the reasons and the loans program you applied to.
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Similar Topics: Canada Govt Business Loans