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Canada Small Business Financing Act (S.C. 1998, c. 36)

Act current to 2022-11-16 and last amended on 2022-07-04. Previous Versions

Marginal note:Loss-sharing ratio

 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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