Attention Venture Niagara Regional Relief and Recovery Fund Loan Clients
and “CEBA-Like” Loans clients
You will be receiving information by registered mail advising that you are eligible for an extension on the repayment of these loans. The original deadline to receive the forgivable portion of these loans was December 31, 2022. The new deadline has now been extended to December 31, 2023.
We have sent information about this change by registered mail. It includes appropriate documentation to maintain the current terms and it includes amending documentation too.
If you want to keep the original terms and conditions, you can make payment anytime up until December 31 2022 and you will receive the forgivable portion with no further obligation.
If you want to receive the extension, you will receive the forgivable portion if full payment is made by December 31, 2023. Please note: If you do not make full payment December 31, 2023, your loan will be converted to a term loan that must be paid over the following two years and you will not be able to receive any forgivable amount. Monthly payment amounts have been provided in the correspondence you will be receiving.
Please review the documents in a timely manner. You can respond by mail with the postage paid envelope provided. If you have any questions you can call us at 905.680.8085.
Please note: If you do not respond we will assume you want the original terms to apply.