Thank you very much. I appreciate the question.
One of the things we heard very clearly from businesses is about the help they're going to need to manage their bills every single month. Those are those operating costs, of which rent is a key part.
You heard the Prime Minister announce that we intend to support small businesses through the Canada emergency commercial rent support. We hope to announce that very soon. We are in active discussions with the provinces and territories. This is an area of their responsibility, but we all agree that we have to work together to support all of those incredible entrepreneurs and businesses across the country so that they are being helped with rent support.
Rent support is part of operating costs. It's a significant part of operating costs. I have heard from businesses all across the country that they are being helped with the $40,000 interest-free loan, of which $10,000 is forgivable. This is the kind of bridging cash flow work we are doing to help businesses. You heard me say earlier that over 380,000 business owners have already been approved for that loan.