The NS model
The Nova Scotia model cited by Leblanc could be the Credit Union small company Loan Guarantee Program. Because the federal government explained in a 2016 news release in regards to the system:
Credit unions administer this program and supply loans to smaller businesses and social enterprises, ensuring financing choices are manufactured in the neighborhood. Federal federal Government lovers because of the Nova Scotia Co-operative Council to supply the management and guarantee associated with profile.
Participating credit unions right here in Cape Breton include those in Sydney, Glace Bay, Sydney Mines, Dominion, Isle Madame and ChГ©ticamp plus the East Coast Credit Union which includes branches in Baddeck, Inverness, LвЂ™Ardoise, Mabou, Margaree, Port Hawkesbury, Port Hood and St. Read more