Thank you, Mr. Speaker. Mr. Speaker, this is a Loan Guarantee Program where we guarantee the loan of a client. They go to the bank, the bank wants some certainty that they want to be able to assured that if they give a loan, someone will basically guarantee it. So we guarantee the loans as they're approved by the banks. So that's the loan guarantee that we offer. Again, it's up to $1 million. In those cases, we work that arrangement with the banks, the individual and ourselves. Where we've offered the loan guarantee, we have a written letter. Thank you.
David Krutko on Question 495-15(4): Need For Immediate Alternative Housing Solutions
In the Legislative Assembly on March 1st, 2006. See this statement in context.
Further Return To Question 495-15(4): Need For Immediate Alternative Housing Solutions
Question 495-15(4): Need For Immediate Alternative Housing Solutions
Item 6: Oral Questions
February 28th, 2006
Page 1470
See context to find out what was said next.