Canada Small Business Financing Act (S.C. 1998, c. 36)
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Act current to 2024-06-19 and last amended on 2022-07-04. Previous Versions
Marginal note:Loss-sharing ratio
8 The liability of the Minister in respect of losses sustained by a lender as a result of a loan made by it is limited to the lesser of
(a) 85%, or any prescribed lesser percentage, of its eligible loss, calculated in accordance with the regulations, and
(b) a prescribed maximum amount.
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