Madam Chair, for COVID-19, there has been a vast liquidity put out into the marketplace, and those loans can be available through financial institutions. The larger loans that are not the $40,000 interest-free loans are available at commercial rates. The purpose here is that the companies themselves have a working relationship with their financial institutions, and those financial institutions are best capable of serving their clients to provide them with that lending support. That lending support is significantly guaranteed by the Government of Canada, which makes it more available.
In the House of Commons on April 20th, 2020. See this statement in context.