Yes, so of the prime plus 3% we take 1.25%. It's meant to help offset the cost of claims.
On May 17th, 2021. See this statement in context.
On May 17th, 2021. See this statement in context.
May 17th, 2021 / 3:20 p.m.
Manager, Policy, Canada Small Business Financing Program, Department of Industry
Yes, so of the prime plus 3% we take 1.25%. It's meant to help offset the cost of claims.
See context to find out what was said next.