First, in order for companies to be eligible for financing, we require that at least 20% of their revenue come from sectors related to metals—specifically steel, aluminum, and copper. Twenty per cent of their revenue must be related to this type of activity. In addition, there must be a 10% impact from tariffs. There are therefore two conditions to be met.
Second, I would say that we learned lessons from what happened last fall. At that time, we worked with the Business Development Bank of Canada. BDC provided loan guarantees to banks, and banks then offered the loans. The process was long—too long—arduous, and frustrating. Furthermore, collaborating with the banking system proved difficult. That is why we decided to change the approach and deal directly with the Business Development Bank of Canada. We wanted things to move faster, because the government wanted to be able to provide assistance quickly.
These aren't loan guarantees; they're interest-free loans, which are quite favourable. They can be deployed quickly, which will be done through regional economic development agencies. Last fall, we honestly saw that the Regional Tariff Response Initiative for regional economic development agencies was very popular. That is why we have rolled out the program again.