Rate Drop Rebate
If your business provides jobs to people facing barriers to employment, you may be eligible for a 1% reduced interest rate on a loan for each person you hire (to a maximum of 4%), or 6 months interest-free line of credit in the form of a rebate.
To be eligible, you need to:
- Hire people with disabilities, newcomers to Canada or unemployed Indigenous persons
- Run a business in Hamilton, London or Ottawa
- Have a business loan, mortgage, line of credit, overdraft or credit card with a partner institution
Other conditions apply.